Board Appointments (3407J)
June 29 2011 - 5:00AM
UK Regulatory
TIDMPUB
RNS Number : 3407J
Punch Taverns PLC
29 June 2011
Punch Taverns plc
Board Appointments
The Board of Punch Taverns plc ("Punch" or "the Group") today
announces that Stephen Billingham will join the Board of Punch as
Non-Executive Chairman in September, following the proposed
demerger of Spirit, replacing Peter Cawdron who will retire from
the Board after serving for over 8 years.
Stephen, aged 53, was Finance Director of British Energy Group
plc, from 2004 to 2009, playing an instrumental role in delivering
the turnaround and strong performance of the business, its
relisting in 2005, its move up to the FTSE100 and the sale to EDF
in 2009 for GBP12.5bn. Prior to this, Stephen was Group Finance
Director of WS Atkins plc during its successful financial recovery,
as well as Group Treasurer of BICC plc (now Balfour Beatty plc) and
Severn Trent plc. Stephen is currently a Government appointed
Non-Executive Director and Chairman of the Audit Committee of
URENCO. He is also Chairman of Fountains, the support services
company.
The Board also announces that Chris Bell, aged 53, will become a
Non-Executive Director of Spirit, following the proposed demerger.
Chris has been Chairman of GAME Group plc since June 2011, having
joined the Board in 2003 as a Non-Executive Director. He was CEO of
Ladbrokes plc between 2006 and 2010. Prior to that, he spent six
years as Managing Director at Hilton Group and eight years as
Managing Director at Ladbrokes Group. Chris is also currently
Senior Independent Director of Quintain Estates and
Development.
Commenting on the appointments, Ian Dyson, Chief Executive of
Punch, said:
"We are delighted that Stephen will become the Chairman of
Punch. This marks further progress as we head toward the demerger
later this summer. Stephen brings with him extensive financial
turnaround, risk and operational experience, which will be valuable
in his role overseeing the development of Punch. We are also
pleased to announce that Chris will join the Board of Spirit. He
has extensive retail and leisure sector experience in the public
arena and will bring this to bear as Spirit embarks on its future
as a standalone company."
Stephen Billingham said:
"I am looking forward to taking on the Chairmanship of Punch
after the demerger and working with Roger Whiteside and his
management team to unlock value. This is a business with a strong
foundation, improving momentum and good long-term prospects."
- ENDS -
Enquiries:
Punch Taverns plc Tel: 01283 523548
Sarah Perrins, Head of PR & Communications
Brunswick Group LLP Tel: 0207 404 5959
Mike Smith, Catherine Hicks, Natalia
Marisova
This information is provided by RNS
The company news service from the London Stock Exchange
END
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