By Joe Hoppe

Compass Group said Gary Green, its chief operating officer, North America, will step down from the role at the end of November after nearly 40 years of service, and named Chief Financial Officer Palmer Brown as his successor.

The U.K. catering contractor said Friday that while Green will step down from the board on Nov. 30, he will remain available to the company until the end of March.

Brown will hand over his responsibilities as CFO to Petros Parras, current regional finance director, Europe Middle East. Brown joined the U.S. business 22 years ago, and served the company as group commercial director before becoming CFO in 2021.

Parras joined the business in 2020, and prior to Compass, worked in businesses including Procter & Gamble, Reckitt Benckiser and Coty in Europe and North America in senior finance, operational and strategic roles.

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(END) Dow Jones Newswires

09-22-23 0242ET