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PEOPLE

World

February 19, 1987

Guinness PLC, the Anglo-Irish brewer at the center of London's worst financial scandal in years, named Anthony Tennant, 56, chief executive to replace Ernest Saunders, who was fired last month.

Tennant resigned his post as head of the brewing, retailing, wine and spirits division of Grand Metropolitan PLC, a food, beverage and hotel group, to join Guinness.

Saunders, 51, masterminded Guinness's $4.1-billion takeover of Distillers Co., in which Guinness outbid Argyll Group, a Scottish supermarket chain.

Britain's Department of Trade and Industry is currently investigating charges that Guinness bought its own shares to raise their value and thus make its offer for Distillers more attractive.

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