New CEO for leisure chain
Brittain leaves Lloyds to take top job at Whitbread
She will succeed Andy Harrison, who has decided to retire from full time executive life at the end of February next year.
Ms Brittain, 50, who will become the sixth female CEO of a FTSE100 company, is currently group director, retail division at Lloyds which she joined in 2011. She previously held senior roles at Santander UK and Barclays and is a non executive director of Marks and Spencer Group.
At Whitbread she will be paid a basic salary of £775,000, but once benefits and performance-related bonuses are included her package could be worth £6.4 million.
David Oldfield replaces her at Lloyds while Karin Cook becomes group director, operations.
Whitbread Chairman, Richard Baker said: “Alison has vast experience in successfully managing multi-site operations with leading brands.
“She has a natural ability to inspire and motivate large customer-facing teams to deliver great service and her strong personal belief in the importance of putting the customer at the heart of the business makes her a perfect fit with our culture and values. Alison also has proven experience in delivering digital online and mobile technology, business to business marketing, and managing significant property portfolios.
“Over the last five years, under Andy’s leadership, Whitbread has generated substantial value by getting bigger and better. With the announcement of our 2020 milestones we have laid out clear plans to get bigger, and Alison’s arrival will ensure Whitbread continues to get even better still.”
Alison Brittain said: “Whitbread has a clear strategy and I am looking forward to leading the Company as it grows and delivers for its customers, its people and its shareholders.”