Greene Kings finance director gambles on his future

Greene King's finance director gambles on his future

Greene King has announced that its finance director, Ian Bull, will leave the brewer to become CFO of the betting group Ladbrokes.

Bull will leave Greene King on 30 June and will be replaced by Matthew Fearn, who is currently CFO at food service company Brakes Group. Fearn will take up the post on 1 September, the Old Speckled Hen brewer and pub chain owner said today (15 April).

"Since joining us five years ago, Ian has played a key part in Greene King's ongoing success and development against a demanding backdrop for the industry," said Greene King's CEO, Rooney Anand.

Of Fearn, he said: "Matthew has extensive experience in consumer-facing leisure and food businesses and we look forward to him helping us continue to drive our exciting growth and development plans."

Pub groups in the UK are seeking to improve their food offering amid declining drinks sales in the on-trade.