Pierre Ltd is a catering business owned by well-known chef Pierre Boudin. It is organised as two divisions, each with its own manager. There is the Shop Division, managed by Louise Lane, that runs retail outlets in a number of shopping centres throughout the city, and the Catering Division, managed by Brett Spark, that provides food for corporate functions, parties and public events. Pierre is considering going into semi-retirement and wants one of the managers to run the overall business.

Pierre has decided to assess the return on investment of the two divisions and to hand over the management of Pierre Ltd to whichever manager runs the division with the higher return on investment. Relevant information for the divisions is as follows:

	Shop Division				Catering Division
Sales revenue		$2400000				$1800000
Selling & administrative expenses Interest expense		1600000       60000				1200000      80000
Profit before tax Tax expense		740000     220000				520000     160000
Profit		$   520000				$   360000
Average total assets		$2200000				$1600000

Required

Which manager should Pierre appoint to take over management of the company?