REG - Whitbread PLC - Directorate Change

WhitbreadAnnouncement

29/06/2022 10:15

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RNS Number : 6194Q  Whitbread PLC  29 June 2022

 

Whitbread PLC

29 June 2022

APPOINTMENT OF DOMINIC PAUL AS CHIEF EXECUTIVE OFFICER

 

The Board of Whitbread PLC ('Whitbread') today announces that Dominic Paul has
been appointed as its next Chief Executive.  Dominic will succeed Alison
Brittain, who has decided to retire from full time executive life at the end
of the financial year 2023.  Dominic will join the Company early in January
2023.

 

Dominic is an experienced senior executive, with a very strong operational and
commercial record in the travel, leisure, and hospitality sector, and most
recently served as CEO of Domino's Pizza Group plc.  He led the business
through the COVID pandemic and has delivered a strong period of sales growth
and value creation and aligned all stakeholders behind a growth strategy for
the future.

 

Dominic is well known to Whitbread and joins with a good understanding of the
business having been a member of the Whitbread Executive Committee and
Managing Director of Costa Coffee for three years, overseeing its significant
growth in both the UK and internationally ahead of the sale of the business to
Coca-Cola.  Prior to this, Dominic was Senior Vice President of International
with Royal Caribbean Cruise Line where he led the business through a period of
strong growth. His extensive experience in the travel and leisure industry
also includes senior roles at easyJet, British Midland and British Airways.

 

Adam Crozier, Chairman, said: "We are delighted to welcome back Dominic to the
Group as our new Chief Executive.  Following an extensive search and thorough
evaluation of high-quality candidates we are confident Dominic's great track
record of growing and transforming consumer brands in the UK and
internationally will help to lead Whitbread in the next stage of the Group's
development.

 

I would like to take this opportunity on behalf of the Board and the Whitbread
team to thank Alison for her leadership over the last seven years.  She has
guided the company brilliantly over that time: developing and then selling
Costa for £3.9bn, growing and innovating our award-winning UK customer
proposition, firmly establishing Germany to be a substantial engine of future
growth, and latterly ably steering the Group and leading our 35,000 colleagues
through the pandemic.  The strong recovery under Alison's leadership leaves
Whitbread very well positioned as a strategic winner in the industry."

Dominic Paul said: "I am delighted to have been selected to return and lead
Whitbread, a business with a fantastic heritage and an exciting future both in
the UK and internationally. Whitbread has a well-founded strategy, a very
strong customer proposition, and significant opportunities for future
growth.  I am looking forward to working with Adam and the whole Whitbread
team to deliver for our customers, teams, and shareholders."

Alison Brittain, CEO, said: "It has been an enormous privilege to lead
Whitbread during a period of significant expansion for our well-loved brands,
in both the UK and in Germany.  The business has recovered from the pandemic
well ahead of expectations and is continuing to trade strongly and gain market
share. We are well positioned for continued outperformance and future growth,
and we have a clear strategy and a strong management team to deliver it.  For
the last seven years I have been consistently impressed and humbled by the
hard work and commitment of our very talented teams and their passion for
providing brilliant experiences for our guests every day and I'm immensely
grateful to them for everything that they do.  I will continue to be fully
committed to the business over the next few months until it's time to hand
over the baton and I wish Dominic and the whole Whitbread team every success
for the future"

Dominic Paul has advised that there are no details to disclose in accordance
with paragraph 9.6.13(2) - (6) of the Listing Rules.

For more information please contact:

Investor Relations -  Whitbread
 
 
     investorrelations@whitbread.com
(mailto:investorrelations@whitbread.com)

Peter Reynolds, Director of Investor Relations
 
       peter.reynolds@whitbread.com

Abigail Cammack, Investor Relations Manager
 
    abigail.cammack@whitbread.com

Sophie Nottage, Investor Relations Manager                                                     sophie.nottage@whitbread.com

 

Media -
Tulchan
          whitbread@tulchangroup.com

Jessica Reid / Alison Lygo                                                                                           +44 (0) 20 7353 4200

 

 

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