FOSTER'S OVERTAKING SOUTHCORP

The Australian based Foster’s Group plans to integrate Southcorp wine producer into their company this year. Trevor O’Hoy, Foster’s CEO, states, “We’re committed to being the leading premium branded beverage company in the world,” according to the Herald Sun. “Our key focus in this financial year is to integrate Southcorp into Foster’s and to cultivate the Foster’s beer brand.” O’Hoy is credited for leading his company into a $3.31 million growth in 2004-05 which includes a salary of $1.11 million and a bonus of $1.42 million.