27th May 2016 15:52
LONDON (Alliance News) - Whitbread PLC Friday said Christopher Rogers, the managing director of the Costa coffee shop business, sold GBP2.3 million worth of stock as he prepares to leave the company.
Rogers sold 52,979 shares at 4,274.187 pence each on Thursday. The sale leaves him with 19,877 shares. Shares in the hospitality company were up 0.2% at 4,249.42p at the close Friday.
In April, Whitbread said Rogers has stepped down from his post to be replaced by Dominic Paul.
Rogers stepped down from the board on April 20 but will remain with the company until July 1 to ensure a smooth handover. Paul will take up his new role on June 6.
Paul joins Whitbread from cruise company Royal Caribbean International, where he has been senior vice president of international since 2013. Prior to this, he worked at International Consolidated Airlines-owned British Airways and at easyJet PLC.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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