Rogers to Take the Position of CEO in Costa Coffee


Rogers to Take the Position of CEO in Costa Coffee

As per reports, it has been revealed that John Derkach has announced that he is stepping down from his position of chief executive of Costa Coffee. It is said that he has taken this decision as he is getting a chance to head private equity-owned Tragus, which runs Café Rouge, Bella Italia and Strada.

Costa Coffee announced that Derkach served the company for 17 years and to replace him, they are getting Chris Rogers, who have been with Whitbread for more than nine years. Rogers will also be getting a chance to become a part of board of members of Whitbread, which is parent company of Costa Coffee.

Industry experts said that earlier, it came into notice that Rogers was also planning to leave Whitbread, but later he was offered the position of chief executive of Costa Coffee, which he could not deny.

In addition, it has been said that such a reshuffle in the management is the indication that Costa Coffee is going to be demerged from the group. "We see an early demerger of Costa as potentially limiting the realizable value from the Costa growth plans for investors”, said the Deutsche Bank analysts. However, Whitbread authorities have denied such rumors.

Latest News

Dinosaur bones found in Alaska’s Denali National Park
Californians to vote on marijuana legalization measure next month
Microsoft posts $20.5B revenue for July-September 2016 quarter
Tesla is equipping its vehicles with hardware required to make them fully self-d
Orbital’s Antares rocket returns to flight with successful cargo launch
Twitter Would Need New Strategy for Growth as Salesforce Walks Out of Deal
Verizon versions of Google Pixel will get all updates “simultaneously” with non-
Samsung Galaxy Note 7 handsets banned from airline flights in US
HP plans to cut up to 4,000 jobs in next 3-4 years
Valve shows off its new prototype SteamVR controller
AT&T, T-Mobile stop exchanges for new Samsung Galaxy Note 7 handsets
AT&T may soon announce its decision on potential Galaxy Note 7 sales/replacement