Marston’s has announced that Ralph Findlay will step down from the role of CEO at the end of the current financial year ending 30 September 2021.
The process to appoint his successor is underway and a further announcement will be made in due course.
Findlay has been CEO of Marston’s since 2001 and is one of the longest serving business leaders in an industry which has seen “significant change and challenges” during that time.
William Rucker, chairman of Marston’s, explained how Findlay is “widely respected and admired” by all those in the hospitality industry, adding he has “thoroughly enjoyed working with him over the last three years”.
Commenting on his decision to depart, Findlay said: “Looking ahead to reopening and welcoming customers back into our wonderful pubs, I am confident that we have great people, a fantastic team in place and that my successor will enjoy working with them and the board to take this great company forward to the next phase of its development.”
Rucker added: “He has guided the company through this last extremely challenging year to ensure it is ready to re-open as a purely focused pub operator with a substantially strengthened balance sheet, a 40% stake in Carlsberg Marston’s Brewing Company and a clear strategic vision for the future.
“Whilst he remains in his role for another six months, I would like to take this opportunity to thank him publicly on behalf of the Board, our people and our shareholders for his outstanding contribution to us, the company and the industry.”