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John Lovering to step down at Mitchells & Butlers

UK pub group Mitchells & Butlers has announced that chairman John Lovering is to step down later this year. The company has begun its search for a successor. Lovering will remain as chairman and director until the process is complete.
Lovering only took over as chairman last year. However, the group said he has overseen the company strengthen its financial position.
He said, "It has been a huge privilege to be chairman of Mitchells & Butlers. The company is now on a much firmer footing than when I joined last year.
"Group profits have improved significantly in the last year thanks to our focus of switching from volume to spend per head and our core brands are successfully implementing their site expansion goals. We are continuing to trade well and gain market share. I would like to wish the business and its employees every success for the future."
24 Jan. 2011

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