Another director at embattled pubs group Mitchells & Butlers (M&B) is on his bike, with Doug Evans announcing his intention to take up a role as company secretary and general counsel at recruitment agency Hays.
The All Bar One and Harvester chains owner has had its fair share of board room upheaval since Piedmont, the investment vehicle of Bahamas-based billionaire of Joe Lewis, took a major stake in the company. Evans's departure comes 11 days after M&B announced that its long search for a Chief Executive Officer was over, as it poached Alistair Darby from sector peer Marston's for the gig. Evans will step down from the board at the end of January 2013.
At the same time as announcing Evans's exit, M&B said Doug McMahon, a nominated representative of Piedmont on the board, has appointed Richard McGuire to deputise for him on the board with effect from October 1st.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Doug McMahon is based in the United States and is not able to attend every board meeting in person, the statement explained.
Richard McGuire is currently Managing Director of Tavistock Europe and is a non-executive director of Timeweave - currently the subject of a bid from Joe Lewis - and DCD Media. He was previously a non-executive director of MAB and Bulgarian Property Developments.
JH
-
Barclays begins paying up to £100 compensation to customers after banking outageBarclays will pay up to £7.5 million in compensation to customers after its banking services were disrupted by an IT outage
-
Review: Shangri-La Paris – an ode to the world’s best foodNatasha Langan enjoys fine French and Chinese cuisine at the Shangri-La Paris
