Marston's PLC Ralph Findlay to step down, September 2021 (8644R)
March 11 2021 - 1:00AM
UK Regulatory
TIDMMARS
RNS Number : 8644R
Marston's PLC
11 March 2021
11 March 2021
MARSTON'S PLC
("Marston's" or "the Company")
Ralph Findlay to step down, September 2021
The Board of Marston's has been advised by Ralph Findlay of his
intention to step down from the role of CEO at the end of the
current financial year ending 30 September 2021.
The process to appoint his successor is underway and a further
announcement will be made in due course.
William Rucker, Chairman of Marston's, commented: "Ralph has
been CEO of Marston's since 2001 and is one of the longest serving
business leaders in an industry which has seen significant change
and challenges during that time. Ralph is widely respected and
admired by all those in the hospitality industry and I have
thoroughly enjoyed working with him over the last three years. He
has overseen the development of Marston's into one of the leading
pub companies in the UK, through operational innovation to drive
change and also transforming the business through strategic
acquisition. Most recently, Ralph was instrumental in the formation
of the joint venture with Carlsberg UK and the agreement to operate
the SA Brain pub estate in Wales. He has guided the Company through
this last extremely challenging year to ensure it is ready to
re-open as a purely focused pub operator with a substantially
strengthened balance sheet, a 40% stake in Carlsberg Marston's
Brewing Company and a clear strategic vision for the future.
Throughout his tenure with the Company, Ralph has shown his
dedication, passion and ambition in leading its people in a way
that embodies Marston's unique culture and he will be greatly
missed by his colleagues and fellow Board members alike. He leaves
Marston's in excellent shape and well-positioned to rebuild trading
and go from strength to strength when restrictions are lifted.
Whilst he remains in his role for another six months, I would like
to take this opportunity to thank him publicly on behalf of the
Board, our people and our shareholders for his outstanding
contribution to us, the Company and the industry."
Ralph Findlay commented: "It has been a great privilege to lead
Marston's for 20 years. I joined the Board in 1996 and have been
fortunate to work with many inspirational, talented and dedicated
colleagues in an industry which is very close to my heart. Looking
ahead to reopening and welcoming customers back into our wonderful
pubs, I am confident that we have great people, a fantastic team in
place and that my successor will enjoy working with them and the
Board to take this great Company forward to the next phase of its
development."
ENQUIRIES:
Marston's PLC Tel: 01902 329516 Instinctif Partners Tel: 020
7457 2010/2005
William Rucker, Chairman Justine Warren
Ralph Findlay, Chief Executive Matthew Smallwood
Officer
NOTES TO EDITORS
-- Marston's is a leading pub operator with a 40% holding in Carlsberg Marston's Beer Company
-- It operates an estate of c.1,500 pubs situated nationally,
comprising managed, franchised and leased pubs
-- Marston's employs around 11,000 people
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