The Whitbread Group Pension Fund has been handed a one-off contribution of £380m following Whitbread's sale of Costa to The Coca-Cola Company.
Lesley Williams will retire from her role as Whitbread's group pensions director at the start of 2018 after 11 years in the role.
The Pensions and Lifetime Savings Association (PLSA) has announced that Richard Butcher will succeed Lesley Williams who steps down as chair later this year.