The CEO of Kirin Holdings-owned Lion Co is to step down, according to a report.
Rob Murray will leave the position at an unspecified date in 2013, the Australian newspaper reported late last week. It cited an internal company memo, from which it quoted group chairman Geoff Rickets.
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Lion could not be immediately reached to confirm the information. Murray became CEO of Lion Nathan, Australia’s second biggest brewer behind Foster’s Group, in 2004.
In 2009, following Kirin’s acquisition of all remaining shares in Lion Nathan, Murray became CEO of the Japanese group’s integrated Australian food and beverage business, which changed its name to Lion Co.
Earlier this month, for the 12 months to the end of September, Lion’s dairy unit delivered EBIT of A$90.3m, a fall of 49.4% on the year. Sales slid 10.1% to A$2.81bn (US$3.01bn), driven by the loss of key private label contracts and deep discounting on white milk.
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