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

Weaker Economic Data May Continue Dovish Outlook
Texas Supermarket Chain HEB Recalls its Ice cream Flavor due to Possible Presenc
New $6 million scanner installed at Royal Children's Hospital in Melbourne
Experts assure lettuce sold in supermarket is safe
Oil Prices Drop Due to Volatile Trade; Sunday’s Meeting between Key Producers Ke
Chinese Investors of eZubao Face $7.6 Billion Worth Losses
HEB Recalls One of Its Ice Cream Flavor Voluntarily
Average U.S. Unemployment Rate Drops and Wages Rise
Volatility Continues in the Stock Markets, Fifth Consecutive Weekly Drop for Ave
More Than Expected Number of People Sign up for Obamacare
Shkreli Refuses to Answer Questions from Lawmakers Invoking the Fifth Amendment
U.S President Barack Obama Expected to Propose $10 per Barrel Oil Tax for Fundin