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Chairman of UK's Compass Group to step down

U.K. catering and support services provider Compass Group PLC said Paul Walsh plans to step down as chairman and a director of the company to "focus on other business interests."

According to a Jan. 6 statement, Walsh will remain as chairman until a successor is named. Walsh has been chairman of Compass for the past six years.

John Bason, senior independent director at Compass, will lead the search for Walsh's replacement.