Propel Morning Briefing Mast Head CPL Learning Link Paul's Twitter Link Serious Pig Banner
Morning Briefing Strap Line
Tue 6th Nov 2018 - Greene King’s Rooney Anand to step down as chief executive
Greene King’s Rooney Anand to step down as chief executive: The board of Greene King has been advised by Rooney Anand of his intention to step down from the role of chief executive at the end of the current financial year ending 30 April 2019. The process to appoint his successor is well advanced and a further announcement concerning succession is expected to be made early in the new calendar year. Chairman Philip Yea said: “Rooney has been chief executive of Greene King since 2005 and has proven himself to be one of the most successful and longest serving business leaders our industry has seen, transforming our company over this period. He will leave us better positioned for the future. Although he remains in his role for another six months, I should like to take this opportunity to thank him publicly on behalf of the board, colleagues and shareholders for all he has done for them, the company and the industry.” Rooney Anand added: “It has been a great privilege to lead Greene King for nearly 14 years and to serve as a director for 18 years. As we announced recently, the business is performing in line with our expectations and ahead of the market. With a strong team and business culture firmly in place, the time is now right for me to hand over the baton. I look forward to supporting Phil, the board and the management team with the succession plan, and delivering our plans and results for the second half of the financial year.” During Anand’s 14 years as chief executive he has led the transformation of the business from a regional Suffolk brewer to the UK’s leading pub retailer and brewer of real ale and delivered significant growth. The ten-year total shareholder return, from the credit crunch in 2008, is nearly 200%. It has grown from 1,988 pubs (800 managed), turnover of £732m and Ebitda of £190m in 2005 to over 2,800 pubs (1,700 managed), turnover of £2.2bn last year and Ebitda of £487m. The business has also grown from employing 16,000 to 39,000 people. Acquisitions include: Belhaven in Scotland in 2005, Hardy’s and Hanson’s in 2006, Cloverleaf, Real Pubs and Capital Pub Company in 2011 and the £774m acquisition of Spirit Pub Company in 2015.


Return to Archive Click Here to Return to the Archive Listing
 
Punch Taverns Link
Return to Archive Click Here to Return to the Archive Listing
Propel Premium
 
Absolut Banner
 
Knorr Banner
 
Pepper Banner
 
AB InBev Banner
 
Hogs Back Banner
 
Estrella Banner
 
Camile Thai Banner
 
White Claw Banner
 
Sky Banner
 
Bizimply Banner
 
Frobishers Banner
 
Peroni Banner
 
Contract Furniture Group Banner
 
COREcruitment Banner
 
KAM Media Banner
 
Access Banner
 
Reputation Banner
 
Yapster Banner
 
Zonal Banner
 
Trail Banner
 
The Licensees Association Banner
 
Tiny Cloud Kitchens Banner
 
Harri Banner
 
TipJar Banner
 
Airship – Toggle Banner
 
Zonal Banner
 
John Gaunt Banner
 
Libeo Banner
 
Propel Banner
 
Peroni Banner