By Ian Neubauer

Foster’s today announced the appointment of Angus McKay to the role of chief financial officer (CFO).

McKay’s McKay replaces Pete Scott, who announced his intention to retire in August last year.

McKay has been with the brewer’s Australian and Asia Pacific business for four years working in various positions, including vice president of Foster’s corporate division and finance director of Carlton & United Beverages. He previously held positions at Diageo, IBM Australia and Fonterra.

“After four years in the [company] I’m looking forward to the expanded scope of the CFO role,” McKay said. “Foster’s is a great drinks business and I welcome the challenge of continuing to drive strong financial returns.” McKay will be based at
Foster’s head office in Melbourne.

Foster’s stock rallied marginally following news of McKay’s appointment, gaining five cents to hit $5.88 an hour after the ASX commenced trading this morning.

The Shout Team

The leading online news service for Australia's beer, wine, spirits and hospitality industries.

Leave a comment

Your email address will not be published. Required fields are marked *