M&B's Lovering to step down as chair
Monday 24 January 2011
John Lovering is set to call time on his year-long stint as chairman of the pubs group Mitchells & Butlers.
His departure is expected to be announced at M&B's annual meeting this week.
The retail sector veteran and former chairman of the high street chain Debenhams arrived at M&B following a boardroom shake-up instigated by Joe Lewis, the Bahamas-based currency trader who owns a 23 per cent stake in the company via his Piedmont investment vehicle.
Mr Lovering led the company through a strategic review which brought forth plans to reshape M&B into a food-led business. Over the last twelve months, Mr Lovering has also overseen the sale of more than 300 pubs as the group, which owns the Harvester, All Bar One and Toby Carvery chains, sought to reduce its debt burden.
- 1 Eurovision 2015: Graham Norton returns with another cutting commentary - his best lines
- 2 Purity balls: Girls in the US making virginity pledges as fathers vow to 'protect purity'
- 3 Eurovision 2015 winner: Sweden beats Russia and Italy to take title from Conchita Wurst
- 4 Mother 'will allow son's circumcision in return for release from prison'
Greek hospitals cannot afford painkillers, scissors or sheets as budget cuts bite
Purity balls: Girls in the US making virginity pledges as fathers vow to 'protect purity'
Bulgarian seaside resort Sunny Beach is cheapest for beer
Female Muay Thai champion hustles coaches to give them a beating
Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
Report finds that Britain's wages are the most unequal in Europe
The day that Britain resigned as a global power
Almost a third of school pupils believe 'Muslims are taking over our country', study claims
Gay marriage 'Bert and Ernie' cake bakery found guilty of discrimination in Northern Ireland
iJobs Money & Business
£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...
£45,000 - £55,000: Neil Pavier: Are you looking for your next opportunity for ...
£45,000 - £55,000: Sheridan Maine: Are you a newly qualified ACA/ACCA/ACMA qua...
£50,000 - £60,000: Laura Norton: Are you looking for an opportunity within a w...