M&B to sell off drinks-led pubs

M&B to sell off drinks-led pubs

UK pub owner Mitchells & Butlers has appointed Time Jones as its new finance director.

Jones, who will take over from Jeremy Townsend, has been finance director at Interserve Plc since 2003.

Prior to this, he held senior financial positions at Novar, Exel, British Gas and Hambros Bank both in the UK and overseas. A joining date for Jones has not yet been decided, Mitchells & Butlers said today (22 June).

Townsend will leave the pub group on 31 August to become chief financial officer of Rentokil Initial.

Earlier this year, Mitchells & Butlers announced it would sell off up to 300 drinks-led pubs to make way for rapid expansion of pubs that serve food, such as its Toby Carvery and Harvester chains.