By Andrew Starke

The Foster's Group has announced that chief financial officer Angus McKay has submitted his resignation and will leave the company towards the end of this year.

The sudden departure is a blow to the beer giant as the experienced McKay was widely seen as a key player in the demerger of Foster’s beer and wine businesses.

He resigned to take up a CFO role at transport infrastructure group Asciano.

McKay joined Foster’s in 2004 from Fonterra Australia and was finance director, Foster’s Australia, Asia and Pacific, before taking up the CFO role in January 2008.

He has also previously worked for Diageo.

"Angus has made a big contribution to Foster’s since joining the company in 2004”, said Foster’s chief executive officer, Ian Johnston.

“As finance director for our Australian beer and wine business and later, Group CFO, Angus has played an important role over last six years and we wish him success in his new position.”

A selection process is now underway to appoint a replacement CFO.

The Shout Team

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

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