An Update on Foster’s

Foster’s Group said today that Ian Johnston, a non-executive director of the company since September, will serve as acting chief executive officer while the company looks for a permanent replacement for Trevor O’Hoy. In addition to his ceo duties, Johnston will assist chairman David Crawford in overseeing the wine review announced in June, along with a $700 million write-down and a transfer of $600 million in goodwill to the company’s beer operations. There are several components that have brought Foster’s