As per reports, it has been revealed that Whitbread chief executive Andy Harrison has announced that they are not going to demerge Cost Coffee. In addition, they have also announced that Whitbread’s financial director Chris Rogers will be taking over John Derkach in August.
Derkach was handling the post for the last 17 years, but is stepping down from his post as he is going to head Tragus, which owns brands like Café Rouge, Strada and Bella Italia restaurants. Harrison said that a lot of speculations are being heard that there is some hidden agenda in it.
However, he would like to make it clear that there is no hidden agenda after management change and reshuffling is part of the business. “The future’s a long time and we’ve always said ‘never, say never’, but let me emphasize we are 100 per cent focused on delivering Costa’s growth plan”, he further affirmed.
In addition, it has been found that Rogers will be getting many opportunities, which Derkach has not received when he was handling the post of chief executive in the company. Harrison said that Rogers will also be a part of board of members and will be an important part of the company.