Pub chain Mitchells & Butlers have recently announced the appointment of a new chief executive nabbing Alistair Darby from rival pub group Marston’s.
Alistair Darby previously served as chief operating officer at Marston’s where he served for 15 years. During his tenure with Marston’s he oversaw the company’s wide ranging operations from it’s chain of inns to breweries and exports. Over this period they saw a steady increase in their share price and expansion of it’s branded range of pubs. Marston’s chairman David Thompson paid tribute to Darby, saying that he had made a “valuable contribution to the business”.
Before joining Marston’s he had previously held roles at Mars Confectionary, Wolverhampton and Dudley Breweries, and United Distillers, now owned by drinks giant Diageo.
The news of Darby’s appointment has been welcomed in the City with Nomura stating he would “provide some welcome stability at M&B” following an 18 month wait for a new CEO to be confirmed.
M&B’s executive chairman Bob Ivell will revert to his non-executive role when Darby takes over. Ivell said” I am confident that we have secured the right person for the role and that drawing on his wealth of operational and brand experience, Alistair will contribute greatly to M&B’s continued strong performance.”
On joining M&B, Darby said yesterday the firm is “a market-leading business with tremendous potential that is well advanced on a programme of transformation”.
“I am excited by the opportunity to lead the company and, together with the management team, to build on M&B’s strong estate, brands and operations,” he added.