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Outsider to run Vaux

VAUX, the North Eastern brewer and hotel group, yesterday appointed Martin Grant, the head of Allied Domecq's leisure business, as its new chief executive to replace Sir Paul Nicholson.

The appointment of an outsider marks an end to the Nicholson family dynasty which has controlled the group since it was founded. Sir Paul will become non-executive chairman of the group. Mr Grant is responsible for developing brands such as Big Steak pub, Wacky Warehouses and Firkin.