Compass Group PLC has announced that Gary Green, Group Chief Operating Officer (COO) for North America, will retire after nearly 40 years of service. Green will step down from the Board on November 30, 2023, but will remain available to the company until March 31, 2024. Palmer Brown will assume the role of Group COO for North America from December 1, 2023, and will also remain a director of the Board. Petros Parras, the current Regional Finance Director for Europe Middle East (EME), will take over as Group Chief Financial Officer (CFO) from Brown. Parras will join the Board on December 1, 2023.
Ian Meakins, Chairman of Compass Group, expressed his gratitude to Green for his outstanding contribution to the company and his role in building a remarkable business in North America. Dominic Blakemore, Group CEO, thanked Green for his exceptional contribution and highlighted his instrumental role in making the North American region the most successful in the company's portfolio. Blakemore also expressed his confidence in Brown's ability to lead the North American business and welcomed Parras to the Board.
In a statement, Green expressed his gratitude for the opportunities and experiences he had during his tenure and expressed confidence in the capable team that will take over the business. He also praised Brown as the best person to drive the business forward.
Compass Group PLC is a world-leading food service company that specializes in providing food and support services across various sectors. It generated annual revenues of £25.8 billion in the year to September 30, 2022.