Thursday 22 August 2019

The Punt: New ball game for England boss

Eddie Jones
Eddie Jones

Goldman Sachs has appointed England's new national rugby coach, Eddie Jones, to the bank's advisory board in Japan. The Australian (55), who recently coached Japan's national team to win an unprecedented three games in the 2015 Rugby World Cup, joins the nine-member advisory board in January.

The board comprises people from the public and private sector and was created in 2001 to advise Goldman Sachs on business, regulatory, and public policy issues in Japan. He "has achieved the impossible by bringing the Japanese team to a level on par with the best in world rugby," Masanori Mochida, president of Goldman Sachs Japan, said.

"Goldman Sachs will benefit from his unrivalled leadership and his ability to bring together a multi-cultural team," said Mochida, who played rugby for Keio University.

Jones this month became England's first foreign head coach after the national rugby team failed to make it out of the pool stages of the Rugby World Cup. He coached Australia to the final of the 2003 tournament. The 2019 event will be staged in Japan.

"I'm now looking forward to working with the RFU and the players to move beyond the disappointment England suffered at the World Cup and hope to build a new team that will reflect the level of talent that exists within the English game," Jones (below) said.

"I believe the future is bright for England."

And, The Punt assumes, for Goldman Sachs.

Kellogg's gets new EMEA CFO

The Punt sees that north Dublin has a new corporate resident, with Wendy Smith having joined Kellogg's in the capital as its regional chief financial officer for the EMEA region.

From the US, Smith has a strong business pedigree. Prior to taking up her role with Kellogg's, she was the vice president of finance and chief financial officer for the consumer business of Johnson & Johnson in Asia Pacific. She was based in Singapore.

She had worked with Johnson & Johnson since 2006 in other roles. Before that, she held finance roles with Procter & Gamble.

Kellogg's has expanded its European base in Dublin over the past few years. It established the base in 2005.

Kellogg's executives said this month that there are significantly improving trends in US sales of cereals, with the category having been in decline for a number of years. Snacks comprise 45pc of the group's global business, with cereal and other breakfast products accounting for 35pc.

Grubs up, the risk agenda

Food industry expert Ciara Jackson has jumped ship, leaving her post as head of food and beverages at Grant Thornton to join risk management consultants and insurance broker Aon.

Her new employer marked Jackson's appointment with a client event last Thursday in the National Convention Centre, where the focus was on M&A in the sector and where Kerry Group's chief finance officer Brian Mehigan was the feature speaker.

He should know a thing or two about deal making having handled over 200 transactions for Kerry in his career to date.

Hiring Jackson is part of a wider push by Aon to roll out dedicated sector initiatives here over the course of 2016.

"Recent scares like 'Horsegate' in Ireland and Fonterra's recall of potentially contaminated baby milk formula in China are the kind of dramatic events food businesses need to be ready for," Jackson told The Punt.

Of course, when crises strike Aon will be there to help. The US-based group is best known for its sponsorship of Manchester United. It has 600 staff in Ireland, and while the name is usually pronounced "ayon", it was dubbed Aon by its Irish-American founders when their two insurance businesses merged to form one.

Irish Independent

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