Page 12 - Stakis A Case Study

effect on the share price, as did the fact that Scottish and
Newcastle Breweries added to their stake in the company.

Speculation continued as to the future of the chairmanship

and in the following year a spokesman for the company

said,

"Mr Stakis has made no secret of the fact that he's looking

for a chairman who would let him step down and become

president. There is nothing sinister about Professor

Roland Smith not becoming chairman in September. It was

simply thought that he would be better in the role of
consultant."

A contender for the post

was Reo's son, Andros, who

was first appointed a

director in 1982.

A contender for the post was Reo's son, Andros, who was

first appointed a director in 1982. He was a graduate of

Edinburgh University and had studied at Cornell as well as

spending two years seconded to several large corporations

in the leisure industry in the United States. At just 32 he was