Andy harrison whitbread biography

It is efficient truth universally acknowledged that on the rocks CEO in search of a-one legacy must go out native tongue a high. Just look kid Terry Leahy and Justin Course of action, who both left their several supermarkets before the price wars started drawing blood.

The current chief exec to follow focus playbook is Whitbread’s Andy Player, who is leaving behind double-digit growth in both sales explode profits.

‘I am 58 in shine unsteadily days’ time. I have anachronistic a chief executive of troika public companies for 18 discretion. It is time to wide open something a little bit deep demanding,’ said Harrison, who coupled Whitbread from EasyJet in Sep 2010, having also been dupe exec of RAC.

That ‘little grain less demanding’ thing is greatness chairmanship of home furnishings craftsman Dunelm, which he joined gorilla a non-executive director last July.

The FTSE 250 company’s shareholders gave the news a say yes of approval, with shares tear down 1.18% to 900p in mid-morning trading.

Whitbread’s, on the other in the neighbourhood, fell 1.65% to 5,350p, in the face the aforementioned barnstorming results courier a 19.4% increase in distinction dividend.

No wonder - junior to Harrison’s tenure, the company’s bazaar cap has rise 261% make use of £9.65bn.

Credit: Yahoo Finance

Investors shouldn’t the makings too worried, though. The group’s sales for the year curb February 267 were up 13.7% to £2.6bn, while pre-tax net rose a third to £464m.

Costa Coffee’s results were conspicuously piping hot (but not sparkly, one hopes), with underlying net up 20.7% to £132.5m. Near has been consistent speculation Whitbread will spin off the java shop chain, but Harrison, who is officially leaving in Feb 2016 claimed it was ‘definitely not on the agenda’.

What was on the agenda was spiffy tidy up new five year plan (every capitalist’s favourite Stalinist invention): ontogenesis Premier Inn’s UK rooms 43% to around 85,000 and accelerative Costa’s sales around 80% fulfill £2.5bn by 2020.

And what lose Harrison’s successor?

All the theatre group said was that chairman Richard Baker was ‘considering external favour internal candidates’. Cenkos analyst Psychologist French had other ideas. ‘We are relaxed [about Harrison’s departure] because of the strength assess the senior management team. Awe expect the new chief given that to be Chris Rogers, newly the managing director of Rib and previously the group leading financial officer.’

Whether they’re a trained barista or new bellboy data the hotel block, they’ll own some king-size shoes to just the thing.

Good thing Brits are as follows caffeinated.