Foster's CFO steps down

06 September, 2010

Foster's Group has announced that Angus McKay, chief financial officer (CFO) has submitted his resignation and will depart Foster’s towards the end of this year. McKay joined Foster’s in 2004 from Fonterra Australia and was finance director, Foster’s Australia, Asia and Pacific, before taking up the CFO role in January 2008.

Foster’s chief executive officer, Ian Johnston said: "Angus has made a big contribution to Foster’s since joining the company in 2004.”

“As finance director for our Australian beer and wine business and later, Group CFO, Angus has played an important role over last six years and we wish him success in his new position.”

McKay leaves to take up the role of CFO for Asciano Limited. A selection process is now underway for his replacement.