Richard Cousins, the main executive of FTSE 100 catering service Compass who had been tragically wiped out alongside his family in Sydney on Sunday, was broadly credited among the most astute businessmen of his generation.
His 11-year tenure at Compass transformed it from the company embroiled in scandal having a stressed balance sheet to some world leader in the field. Buddies and work associates spoke on Monday assertive who had been humble about his achievements and shunned the limelight towards simply making using the job.
He’d been because of retire later this season. Dominic Blakemore, who’d recently been hired as Mr Cousins’ substitute, stated he was “stunned and upset” in the news.
He stated: “Within the last six years Richard is a friend and mentor in my experience. He combined Yorkshire grit having a wonderful feeling of humour. It had been his capability to lead and encourage his colleagues all over the world that made Compass the success it’s today. We’ll miss him terribly.”
Lord Livingston, the previous United kingdom minister for trade, stated he was “deeply shocked and saddened” to listen to this news of Mr Cousins’ dying, and known as him “one from the UK’s finest business people”.
Rupert Soames, the main executive of outsourcer Serco, also tweeted his condolences. “Such an able man, along with a hugely respected Chief executive officer of Compass,” he authored.
Mr Cousins was created in Leeds in 1959. He studied maths at Sheffield College before earning a Masters degree in operational research from Lancaster College.
His early career was put in proper planning with Cadbury Schweppes and industrial company BTR, before he became a member of building materials company BPB in 1990.
He was hired leader of BPB in 2000, and it was instrumental within the rapid development of the organization, especially in the US where he earned numerous acquisitions.
As he became a member of Compass in the year 2006, the organization is at a poor way. It absolutely was distracted by accusations of alleged corrupt putting in a bid for contracts to provide the Un, coupled with become infamous in great britan after chef Jamie Oliver’s campaign against Poultry Twizzlers being offered in schools. Compass was the firm accountable for serving the meals to children, even though it later overhauled its menus to provide healthier options.
Since Mr Cousins became a member of, the proportion cost has risen from 236p to 1600p and most £9bn continues to be came back to shareholders through dividends and buybacks.
Paul Walsh, chairman of Compass, stated following a tragic news: “We are deeply shocked and saddened with this terrible news. The ideas of everybody at Compass are with Richard’s family and buddies, so we extend our greatest sympathies for them.
“It’s been an excellent privilege to understand Richard personally and to utilize him during the last couple of years.”
Mr Cousins was wiped out together with his family and also the plane’s pilot on Sunday
When Mr Cousins announced his intention to step lower in September, many saw his departure like a defining moment for that business. Tim Ramskill, analyst at Credit Suisse, stated: “Whilst we wouldn’t need to be charged with hyperbole, we consider Richard’s tenure as leader of Compass to become simply exceptional.”
It had been a sentiment echoed by many people following a news of his tragic dying. Roland Rudd, chairman of pr firm Finsbury and Open Britain, where Mr Cousins’ boy William labored, who had been additionally a personal friend of Mr Cousins, stated the businessman had achieved an remarkable amount.
“It wasn’t a lot he switched the company around, that they did obviously, however that he built it into this massive company,” he stated. “He made it happen all inside a completely unstuffy way – he was completely disinterested in honours and recognition. He would be a man with quite strong concepts.”
Such were the effectiveness of individuals concepts that Mr Cousins resigned in the board of Tesco this past year after arguing using its takeover of Booker. He’d offered on its board for 3 years.
John Allan, non-executive chairman at Tesco, stated on Monday: “Richard would be a valued person in the Tesco board and it was appreciated for his business acumen and straight speaking. I had been fortunate to possess known him of these years. We’re shaken with this terrible news and our ideas and condolences visit his buddies and family.”
Mr Cousins had also held a non-executive position around the board of Reckitt Benckiser (now Relx Group), but walked lower 4 years ago. He stated at that time that his departure would permit him to concentrate more fully on his role at Compass, but he seemed to be understood to possess baulked at a few of the decisions made about executives’ pay at the organization.
Mr Cousins, who had been an enthusiastic cricketer, lost his first wife Caroline to cancer in 2015. His visit to Australia was really a once-in-a-lifetime family holiday in front of his impending retirement.