Foster’s Names Temporary CEO

Foster’s Group said today that Ian Johnston, currently a non-executive director of the company, 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, Ian will assist chairman David Crawford in overseeing the wine review announced in June after the company admitted it had paid too much for Southcorp and Beringer. O’Hoy also announced his resignation last month and will officially step down from his role