6 Nov 2018 07:00
Tuesday 6 November 2018
GREENE KING PLC
ROONEY ANAND TO STEP DOWN, APRIL 2019
The board of Greene King plc has been advised by Rooney Anand of his intention to step down from the role of CEO at the end of the current financial year ending 30th April 2019.
The process to appoint his successor is well advanced and a further announcement concerning succession is expected to be made early in the new calendar year.
Chairman Philip Yea said: "Rooney has been CEO of Greene King since 2005 and has proven himself to be one of the most successful and longest serving business leaders our industry has seen, transforming our company over this period. He will leave us better positioned for the future. Although he remains in his role for another six months, I should like to take this opportunity to thank him publicly on behalf of the board, colleagues and shareholders for all he has done for them, the company and the industry."
Rooney Anand commented: "It has been a great privilege to lead Greene King for nearly 14 years and to serve as a director for 18 years. As we announced recently, the business is performing in line with our expectations and ahead of the market. With a strong team and business culture firmly in place, the time is now right for me to hand over the baton. I look forward to supporting Phil, the board and the management team with the succession plan, and delivering our plans and results for the second half of the financial year."
For further information please contact:
Greene King plc
Philip Yea, chairman Tel: 01284 763222
Rooney Anand, chief executive officer
Finsbury (media)
Philip Walters Tel: 020 7251 3801
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014. The person responsible for making this announcement on behalf of the Group is Lindsay Keswick (Company Secretary). Greene King plc LEI: 213800R9N5F2WRMGTR50