Following the results of the AGM the Mitchells & Butlers Board is now constituted as follows:
Michael Balfour
Jeremy Blood
Simon Burke
Adam Fowle
Tim Lankester
John Lovering
Ron Robson
Jeremy Townsend
John Lovering has now been elected as Chairman of the Board. Further announcements on Board Committee structures will be made shortly. On behalf of the Board John Lovering said:
"The Board will put recent history behind us and move forward committed to the interests of all shareholders. We will conduct a thorough review of the business which will be presented to all shareholders by the end of March. We will look at all aspects of the business: the number of brands and their positioning; the efficiency and allocation of capital expenditure; and the level of overhead costs within the business.
Our main message is to all of our employees in the business. You have focussed on delivering great experiences to our customers and we promise to you that the Board will now be a source of leadership and direction not discord and distraction. Together we can build upon Mitchells & Butlers' position as the leading managed pub company."
For further information, please contact:
Corporate Affairs:
Erik Castenskiold
+44 121 498 6513
Media:
James Murgatroyd (Finsbury Group)
+44 20 7251 3801