New Mitchells & Butlers finance director to join in October

Mitchells & Butlers' (M&B) new finance director, Tim Jones, is set to take up his post on 18 October.

Jones is joining the pub, bar and restaurant operator from construction firm Interserve.

He will replace Jeremy Townsend, who has left to join Rentokil, the pest control company.

Last week M&B announced that sales jumped 7% across its 2,000 pubs and restaurants, with drink sales up 2.2%. Chief executive Adam Fowle said the group was planning to spend £90m on expansion, including £50m on purchasing new sites, as well as £110m on maintenance and conversions.

Food sales at Mitchells and Butlers jump 7% >>

Mitchells & Butlers to speed up focus on food in its pubs >>

Food drives Mitchells & Butlers sales boost >>

By Neil Gerrard

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