GRANDMET ANNOUNCES BOARD APPOINTMENT AND SENIOR MANAGEMENT CHANGES
GRANDMET ANNOUNCES BOARD APPOINTMENT AND SENIOR MANAGEMENT CHANGES NEW YORK, June 8 /PRNewswire / -- Sir Allen Sheppard, chairman and group chief executive, Grand Metropolitan PLC today announced two key management changes effective July 15, 1992, and a new appointment to the Board of Grand Metropolitan. George Bull, currently chairman and chief executive of International Distillers and Vintners, the group's Drinks Sector, will become chairman and chief executive of GrandMet's Food Sector. George Bull has been a director of GrandMet since 1985 and of IDV since 1973. He became IDV's chief executive in 1984. John McGrath, currently managing director and chief operating officer of IDV will become its chief executive and immediately becomes a director of Grand Metropolitan. John McGrath joined GrandMet in 1985, becoming joint managing director of IDV in 1988 and subsequently managing director and chief operating officer. Both George Bull, 55, and John McGrath, 53, will report to Ian Martin, group managing director and chief operating officer, who remains responsible to Sir Allen Sheppard for all operations worldwide. David Tagg, in his capacity as chairman and chief executive, Property and UK Retailing, also continues to report to Ian Martin. Ian Martin will become chairman of IDV and will remain directly responsible for GrandMet's International Retailing, which comprises Burger King and Pearle. Sir Allen commented: "George Bull has an outstanding track record at IDV, where trading profit has shown compound growth of 25 percent over the past five years. His proven leadership, international marketing and strategic skills will carry forward the outstanding work of Ian Martin and his team over the last five years in our Food businesses. John McGrath has worked closely with George Bull in all IDV's achievements of recent years. His skills and experience make him well- qualified to lead IDV's team to continued success worldwide. I am delighted to welcome John to the Board of Grand Metropolitan." Editor's Notes: GRAND METROPOLITAN PLC Grand Metropolitan is a leading international group, specializing in highly-branded consumer businesses in food, drinks and retailing; sales in 1991 were over L8.7 billion and pre-tax profits were L963 million. GrandMet's Food Sector comprises brands including Pillsbury, Green Giant and Haagen-Dazs, as well as a significant number of other food brands. The Drinks Sector, International Distillers and Vintners, which sells more cases of wines and spirits than any other company in the world, has Smirnoff, J&B Rare and Baileys Original Irish Cream among its brands. GrandMet's Retailing Sector manages brands including Burger King and Pearle, as well as the Group's substantial property interests. International Distillers and Vintners -- IDV trading profit over the last five years shows a compound growth of over 25 percent -- In volume terms, IDV is the world's biggest wines and spirits company, selling over 96 million cases. -- Within the world's top 100 spirit brands, IDV is the only company among the leading drinks groups to have shown consistent volume growth since 1985. -- IDV has 18 brands of wines and spirits selling more than 1 million cases each, including Smirnoff, the world's Number 2 spirit brand. Grand Metropolitan Food Sector -- Pillsbury is the market leader in prepared dough in North America -- Green Giant is the world's largest vegetable processor -- Brossard is Europe's leading baked goods brand -- Jus-rol is the market leader in frozen pastry in the UK -- Haagen-Dazs, the market leading Super-Premium Ice Cream in the USA and Japan, is currently being launched in Europe George J. Bull (55) biographical highlights 1957 Joined Twiss + Bronwing + Hallowes, one of original founding companies of IDV, itself formed following merger with Gilbeys in 1962 1967 UK Marketing Controller, introducing brand management system to IDV 1973 Managing Director, IDV Home trade 1977 Managing Director, IDV Europe 1980 Chairman, IDV Export, Managing Director, IDV North America 1984 Chief Executive, IDV 1985 Appointed to Board of Grand Metropolitan PLC 1988 to date Chairman and Chief Executive, Grand Metropolitan Drinks Sector Chairman of GrandMet's Japan and Far East Advisory Committee Other activities -- Chairman, Wine & Spirit Association of Great Britain (1976-77) -- Member of the Institute of Marketing & Sales Management -- Lecturer on Panel of Wine & Spirit Education Trust -- Director, British Overseas Trade Board (Appointed 1991) John B. McGrath (53) biographical highlights 1956-81 United Kingdom Atomic Energy Authority, National Coal
Board, Ford Motor Company, Jaguar Cars, Stone-Platt.
1982-83 Managing Director of Construction and Mining Division,
Compair. Chief Executive, Compair.
1985 Group Director, Watney Mann & Truman Brewers Ltd. (Grand
1986 Chairman and Managing Director, Grand Metropolitan
1988 Joint Managing Director, responsible for GrandMet
Brewing, IDV UK and Heublein, International Distillers and Vintners.
1991 to date Managing Director and Chief Operating Officer, IDV. Other Activities -- Prime mover in creation of The Portman Group (promoting responsible use of alcohol), and subsequently for two years its first chairman. -- Managed the development and introduction of the Brewing industry's first new approach to letting pubs to brewers - on 20 year assignable leases (Inntrepreneur). -- Reorganized IDV's international businesses under four geographic regions, providing better brand focus and enhancing interface between international brand companies and national marketing companies. -0- 6/8/92 /CONTACT: Peter Seremet (Drinks), 203-678-6665 or Terry Thompson (Food), 612-330-4768, both of GrandMet/ CO: Grand Metropolitan PLC ST: Minnesota IN: FOD SU: PER
DS -- MN003 -- 7778 06/08/92 09:42 EDT
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|Date:||Jun 8, 1992|
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