|
Mitchells & Butlers PLC on Thursday named Emma Harris as its next chief financial officer, succeeding Tim Jones. The Birmingham, England-based restaurant and pub operator said Jones, who joined as CFO and an executive director in 2010, informed the board earlier this year that he was considering stepping down and retiring from full-time work. ‘Throughout his tenure he has played a pivotal role in developing M&B into the sector leading business that it is today, whilst notably overseeing the strengthening of the balance sheet and navigating the severe challenges presented by the Covid-19 pandemic and ensuing sector disruption and cost inflation,’ Mitchells & Butlers said. The company, which owns multiple chains such as Harvester, All Bar One and Toby Carvery, has not yet confirmed when Harris will formally take up the CFO role. However, it said Jones intends to stay on until ‘a full and complete handover can be achieved’. M&B expects this to occur early in summer next year. Harris is currently the ‘Finance Director - Food’ at Marks & Spencer Group PLC, and ‘brings extensive experience from working in a variety of senior roles in major consumer focused retail businesses in the UK’. Mitchells & Butlers also touted Harris’ ‘track record of creating shareholder value through partnering, commerciality and critical thinking’. ‘We are delighted that, after a wide-ranging thorough search, Emma will be succeeding Tim, and we look forward to welcoming her into the business,’ commented Chair Bob Ivell. ‘Emma has demonstrated a strong track record leading finance teams in a wide variety of roles within Asda, Walgreens Boots Alliance and Marks & Spencer, all very successful retail businesses, and we look forward to working with her to capitalise on our strong competitive and financial position to continue to build value into the future.’ Shares in Mitchells & Butlers closed 1.0% higher at 255.00 pence in London on Thursday. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
