close
close

Pub group Marston’s appoints Kenneth Lever as new chairman

  • Kenneth Lever will replace William Rucker in this position, said Marston’s

Pub group Marston’s has appointed Kenneth Lever as independent non-executive chairman, effective July 8.

Lever, currently Non-Executive Chair of data firm Cirata and Senior Independent Director at investment fund Rockwood Strategic, succeeds William Rucker.

According to Marston’s, Lever has held a number of senior and non-executive roles at UK-listed companies across a range of sectors, including retail, manufacturing, construction, software and business services.

Pub group Marston’s appoints Kenneth Lever as new chairman

Appointed: Pub group Marston’s has appointed Kenneth Lever as independent non-executive chairman

Lever said: “I am delighted to be joining Marston’s at this time and am excited about the opportunities ahead.”

“Marston’s is a quality business with a strong market presence and I look forward to working with the Board, Justin and the extended team to deliver sustainable growth that increases value for our shareholders.”

Marston’s shares were unchanged at 30.93 pence on Thursday, after falling about 1.5 percent over the past year.

Octavia Morley, Lead Independent Director at Marston’s, said: “Following a rigorous independent selection process, I am delighted to announce that Ken will be joining Marston’s as Non-Executive Chairman.”

“Ken brings a strong and valuable external perspective to the Board and his broad range of business skills and experience will support Justin and the team as the Company continues the next phase of its development.”

In May, Marston’s said it had achieved “strong” comparable sales in the first half of the year, contributing to “good growth” in operating profit.

Marston’s said sales rose 5.2 percent to £428.1 million in the six months to March 30, with good momentum in food and drink sales and like-for-like sales up 7.3 percent, outperforming the overall market.

The group’s underlying pub profit rose 22 percent to £52.7 million in the first half, while pubs’ underlying operating profit rose to 12.3 percent from 10.6 percent a year earlier.

In May, CEO Justin Platt said: “The outlook for the second half of the year is encouraging.”

“With a number of major sporting events not to be missed, our massively upgraded beer gardens and our popular menus, we expect our pubs to be very popular this summer.”

DIY INVESTMENT PLATFORMS

Easy investing and ready-made portfolios

AJ Bell

Easy investing and ready-made portfolios

AJ Bell

Easy investing and ready-made portfolios

Free fund trading and investment ideas

Hargreaves Lansdown

Free fund trading and investment ideas

Hargreaves Lansdown

Free fund trading and investment ideas

Flat fee for investments from £4.99 per month

interactive investor

Flat fee for investments from £4.99 per month

interactive investor

Flat rate investments from £4.99 per month

Stock investment: 30+ million community

eToro

Stock investment: 30+ million community

eToro

Stock investment: 30+ million community

Free stock trading and no account fees

Trade 212

Free stock trading and no account fees

Trade 212

Free stock trading and no account fees

Affiliate links: If you purchase a product, This is Money may receive a commission. These offers are selected by our editorial team because we think they are particularly worth mentioning. Our editorial independence is not affected by this.

Compare the best investment account for you