Richard Cousins, chief executive of Compass Group, died when his single-engine de Havilland Canada DHC-2 Beaver seaplane crashed into the Hawkesbury River in Australia.
The tragedy occurred on December 31, when Cousins was taking a scenic flight together with his family.
Other victims of the crash included the millionaire's sons Edward and William, his fiancée Emma Bowden and her daughter Heather Bowden, as well as the plane’s pilot Gareth Morgan.
According to the Financial Times, Cousins joined Compass in 2006 and had proven to be a tremendous asset to the company. He was expected to step down from his position as a CEO in March 2018 and retire from Compass Group in September.