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

Rise in Russian Arms Sales In spite of a Drop Globally
PetSmart Sells itself with an $8.3Billion Deal
Falling Oil Prices Result in a Drop in Stocks
Shares of Amaya Fall Due to Probe Conducted by Securities Regulators
Americans Consumers Display Confidence In the Market with Gain in Sales
It’s Time to Hurry Up to Enrol in the First Phase of Affordable Care Act Health
After Merger with Alliance Boots,	Walgreen CEO will Retire
Falling Fuel Prices Lift Airline Profits But No Respite in Fares Expected
Citigroup to Pay Likely $2.7B as Legal Charge
Michael Jeffries Retires as the CEO of Abercrombie & Fitch
Deutsche Bank in Trouble Again in the U.S. for Alleged Tax Scheme
Popular Demand Brings French Toast Crunch Back on the Shelves