UK: Punch Taverns CEO quits
Punch is not planning to replace Whiteside "at this time"
The CEO of Punch Taverns, the UK's biggest pub company, is leaving after 18 months in the role.
Roger Whiteside will step down on 1 February to join UK pastry chain Greggs, Punch said today (24 January). Whiteside, who joined Punch in 2008 as MD of its leased division, is a non-executive director of Greggs.
Punch, which owns around 4,500 UK pubs, said that a new CEO will “not be appointed at this time”, citing the need for “continuity” in leadership, during “ongoing capital structure discussions”.
Instead, the group's chairman, Stephen Billingham, has been appointed as executive chairman. Property and turnaround director Neil Griffiths has been promoted to COO.
The company said its current trading performance is “in line with the board's expectations”.
Shares in the group were today down by 2.22% at GBP0.11.
- Are we about to see a no-alcohol Heineken?
- American whiskey does a vodka - Analysis
- A-B InBev's Global Presence - just The Facts
- Battle continues for Pernod Ricard in US and China
- Concha y Toro's H1 performance - Focus
- Craft more about stories than M&A for Diageo
- Diageo readies "not quite as sincere" Scotch
- The Glenlivet leapfrogs Glenfiddich
- Heineken integrates cider and beer
- “New normal” sees Pernod target premium in China
- Future growth opportunities for global spirits
- Global gin insights - market data, product innovation and consumer trends research
- Pernod Ricard SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report
- Global rum insights - market forecasts, product innovation and consumer trends research
- Brown-Forman Corporation (BFB) - Financial and Strategic SWOT Analysis Review