Compass Group is set to begin the search for a new chairman after incumbent Paul Walsh announced his intention to step down.
Mr Walsh plans to bring an end to his six-year tenure as chairman as soon as a successor is found in order to focus on his other business interests.
He will therefore not seek re-election at the catering giant’s 2021 AGM.
Mr Walsh said: “It has been a privilege to serve for the last six years as chairman of Compass, which is a world-class business and a true British success story on the global stage.
“We have a strong and well-established chief executive in place and I will work to ensure a seamless transition to my successor as chairman.”
Compass Group is the world’s largest foodservice company, generating annual revenues of £25.2 billion in the year to 30 September 2019.
It operates in around 45 countries, employs and engages around 600,000 people and serves over 5.5 billion meals a year.
The search for Mr Walsh’s replacement will be led by John Bason, a senior independent director at Compass.