Brewer announces boardroom change
PUBS and brewing group Greene King yesterday revealed plans to restructure its board from the end of this month, which will see two managers stand down as directors.
The Bury St Edmunds-based company currently has five divisional managing directors of whom two currently sit on the board while three others, appointed more recently, do not.
As a result of the change announced yesterday, and due to take effect from April 30, Justin Adams, managing director of the Greene King Brewing Company, and Jonathan Lawson, managing director for Local Pubs, will leave the board.
Mr Adams has been a director of Greene King since 2005, when he joined the group from Maxxium to succeed Rooney Anand as head of the brewing business following his elevation to the chief executive role, and Mr Lawson has been a director since joining the company from Sainsbury’s in 2007.
Greene King said in a statement yesterday that the decision had been taken “in order to achieve parity in the management structure”, with both Mr Adams and Mr Lawson retaining their current management responsibilities.
The two will in future operate alongside the three other divisional managing directors.
They include Jonathan Webster, who is managing director for Destination Pubs (including branded operations such as Hungry Horse), Simon Longbottom, who recently succeeded David Elliott as managing director of Pub Partners (the company’s tenanted and leased pubs division), and Euan Venters, who is managing director of Belhaven, Greene’s Kings integrated brewing and pubs business in Scotland.
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Following the changes the Greene King plc board will consist of:
n Tim Bridge (non-executive chairman), a director since 1977 who served as managing director from 1990 to 1994 and chief executive from 1994 until becoming chairman in 2005;
n Rooney Anand (chief executive), who was appointed to the board as managing director of the brewing company in 2001 after joining the company from Sara Lee, and succeeded Mr Bridge as chief executive in 2005;
n Ian Bull (finance director), who joined the board in 2006 after joining the company from BT Retail;
n John Brady (independent non-executive director), a director of McKinsey & Company for 24 years until 2004;
n Ian Durant (independent non-executive director), a chartered accountant and former chief financial officer at Sea Containers Ltd;
n Norman Murray (senior independent non-executive director), who is chairman of Cairn Energy plc, a non-executive director of Robert Wiseman Dairies plc and Penta Capita Holdings Ltd, and a former director of Morgan Grenfell Asset Management Ltd; and
n Jane Scriven (independent non-executive director), who is chairman of Origin8 Deli-Cafes Ltd and a former director of Geest plc, having previously trained as a solicitor and worked for Norton Rose.