UK: Finance chief switch at Fuller, Smith & Turner
Fuller, Smith & Turner is set to change its finance director.
The UK brewer and pub company confirmed yesterday (6 August) that Paul Clarke will retire from the position at the end of April next year, after almost 17 years with the firm. James Douglas will become finance director designate, starting on 10 September.
"Paul has been a great asset to Fuller's and has made a significant contribution to the success of the business through improving financial controls and reporting," said Fuller's chairman, Michael Turner. "His contribution has enabled us to attain the highest standards of governance while maintaining the company's family-run ethos."
Douglas joins the company from telecoms operator Fibernet Group, where he held the same position. Before Fibernet, he spent over eight years as an investment banker with Deutsche Bank after spending six years with Cable & Wireless.
"James brings a wealth of experience to the board, and I am confident he will be a great addition to the team," Turner said.
Last month, Fuller's said that its tenanted pubs and hotels unit, Fuller's Inns, performed in line with expectations, with a reported increase of 5.4% in like-for-like sales in its managed pubs for the first 16 weeks to 21 July. Its brewing arm saw volumes grow in what the company called "a competitive market place".
Sectors: Beer & cider
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