Compass Group CEO killed in New 12 months’s Eve airplane crash

Richard Cousins, 58, had run Compass Group for greater than 11 years.

The CEO of one among Britain’s greatest corporations and 4 of his relations had been killed in a seaplane crash in Australia on New 12 months’s Eve.

Worldwide catering agency Compass Group (CMPGF), a World Fortune 500 firm, mentioned Monday that CEO Richard Cousins, died when the plane went down off the coast of New South Wales.

“We’re deeply shocked and saddened by this horrible information,” Compass chairman Paul Walsh mentioned in a press release.

4 members of Cousins’ household and the pilot of the airplane additionally died within the catastrophe. There have been no survivors.

“The ideas of everybody at Compass are with Richard’s household and buddies, and we prolong our deepest sympathies to them,” Walsh mentioned.

The Australian Transport Security Bureau has launched an investigation into the reason for the crash.

Related: Six dead in Australia seaplane crash

Compass, which reported annual income of £23 billion ($31 billion) for its most up-to-date monetary 12 months, makes a speciality of offering catering for colleges, prisons and multinational corporations.

It operates in roughly 50 international locations, using greater than half one million individuals.

Cousins, 58, had run the corporate for greater than 11 years. He was as a result of step down as CEO in March and retire from Compass fully in September.

The corporate’s chief working officer for Europe, Dominic Blakemore, had been named as his successor.

In accordance with a current profile by the Financial Times, Cousins had a repute as a “big-hitter and firm turnaround knowledgeable” amongst monetary analysts in London.

He was lately named the world’s 11th best performing CEO in 2017 by the Harvard Enterprise Evaluation.

Cousins beforehand served as CEO of development supplies agency BPB and as a non-executive director at a number of huge British corporations, together with grocery store big Tesco (TSCDF).

CNNMoney (Hong Kong) First revealed December 31, 2017: 11:36 PM ET

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