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.
- Next generation optical disc by Panasonic and Sony
- Pebble launches its App Store on Android smartphones
- Oscar Mayer unveils new ‘Wake Up & Smell the Bacon’ alarm-clock app for iPhone
- Dyson launches a quieter, more efficient bladeless fan
- Samsung reveals new Black Edition models of Galaxy S4 and S4 Mini