Insiders say that Lord Forte, who will be 84 in November, will retire shortly and be replaced by Rocco, his son and chief executive. New executive and non- executive directors are also expected. A triumvirate of Rocco, Donald Main, finance director, and Alan Hearn, who currently oversees the hotels side, will run the company.
It was the recent collapse of Gardner's projected pounds 500m sale to Compass Group that raised questions about the direction of the company. Company executives say that the cloud over the shares will lift when Gardner is sold.Reuse content