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Foster’s to be transformed

The Foster’s Group has created the new executive position of transformation director, to help the beer and wine group with its restructuring plan.

The Australia-based company announced last week that Donna Watt would join Foster’s from April 14.

Watt comes to Foster’s from KPMG and is being hailed by the company as “pivotal” in the company’s restructuring plans.

“We have a significant change agenda before us and I am delighted to appoint Donna to this pivotal transformation role”, said Foster’s CEO, Ian Johnston.

Watt spent 16 years at KPMG as a program director, advising on a number of mergers, acquisitions and divestments across a range of industries.

Early in 2009, Foster’s confirmed that it would keep hold of its struggling wine business, after conducting an eight-month review of its operations.

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