Punch Taverns lines up new CEO
Punch Taverns is taking on a new CEO
UK pub operator Punch Taverns has appointed a new chief executive following a financial restructure.
Duncan Garrood will take up the role at the Burton-upon-Trent-headquartered business on 15 June. He joins from retail franchise operator MH Alshaya, where he was president of its food division.
Punch Taverns, which owns around 3,500 on-trade outlets in the UK, has been without a full-time CEO since Roger Whiteside quit the firm two years ago.
Stephen Billingham, Punch's executive chairman, will revert to the role of non-exec chairman when Garrood joins the company.
Billingham, who oversaw a restructuring of the group last year resulting in a share consolidation, said: “Duncan ... brings a great combination of strategic and operational experience within major organisations. These skills will be invaluable to Punch’s future development.”
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