REG - Mitchells & Butlers - Directorate Change

Mitchells & ButlersAnnouncement

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RNS Number : 4670E  Mitchells & Butlers PLC  23 October 2025

 

23rd October 2025

 

Mitchells & Butlers plc

LEI no. 213800JHYNDNB1NS2W10

 

DIRECTORATE CHANGE

 

After fifteen years of outstanding service, Tim Jones, Chief Financial Officer
('CFO') and an Executive Director of Mitchells & Butlers plc ('M&B'),
indicated to the Board earlier this year that he was contemplating retiring
from full time work and stepping down from his role with the business.

 

Tim joined as CFO and an Executive Director of M&B in October 2010.
Throughout his tenure he has played a pivotal role in developing M&B into
the sector leading business that it is today, whilst notably overseeing the
strengthening of the balance sheet and navigating the severe challenges
presented by the COVID-19 pandemic and ensuing sector disruption and cost
inflation.

 

As part of the Board's ongoing succession planning efforts and following a
rigorous search and selection process, using a leading international executive
search firm, we are pleased to announce that Emma Harris has been selected to
succeed Tim as CFO and an Executive Director of M&B. It has not yet been
confirmed when Emma will be formally appointed but Tim has committed to remain
in his current role until such time that a full and complete handover can be
achieved. This is currently expected to take place in early Summer 2026. A
further announcement will be made once the effective dates of Emma's
appointment and Tim's retirement are confirmed.

 

Emma is currently Finance Director - Food at Marks and Spencer Group plc. She
brings extensive experience from working in a variety of senior roles in major
consumer focused retail businesses in the UK, with a track record of creating
shareholder value through partnering, commerciality and critical thinking.

 

Commenting, Bob Ivell, Chair of M&B, said:

 

"On behalf of the Board I would like to thank Tim for his exceptional
contribution to the success of M&B over a fifteen-year period. His
financial leadership, professionalism and engagement, particularly during the
extremely challenging and volatile conditions the sector has experienced in
the past few years, has been a key factor in positioning us strongly for
future success. We wish him all the very best in his retirement.

 

We are delighted that, after a wide-ranging thorough search, Emma will be
succeeding Tim, and we look forward to welcoming her into the business. Emma
has demonstrated a strong track record leading finance teams in a wide variety
of roles within Asda, Walgreens Boots Alliance and Marks and Spencer, all very
successful retail businesses, and we look forward to working with her to
capitalise on our strong competitive and financial position to continue to
build value into the future."

 

Phil Urban, Chief Executive of M&B, said:

 

"Tim has been a valued right-hand to me through the last ten years and I am
very grateful for the support he has always given to me. Although I will be
sorry to see him go, he has more than earned his retirement and leaves a
business that is now in a very strong financial position. I now look forward
to working with Emma, who I believe is a perfect cultural fit for M&B, and
who will build on the foundations that Tim has created, bringing with her a
wealth of retail expertise and experience which will add further value to our
business."

 

 

 

The Board confirms that no disclosures need to be made under UK Listing Rule
6.4.8R in respect of Emma's appointment.

 

Details of Emma's remuneration package, including buy out arrangements (which
are consistent with M&B's Directors' Remuneration Policy, (approved by
shareholders on 23 January 2024)) will be disclosed on the M&B website
(www.mbplc.com (http://www.mbplc.com) ) and will also be contained within the
Directors' Remuneration Report of M&B's 2025 Annual Report and Accounts.

 

For further information, please contact:

 

 Tim Jones - Chief Financial Officer                          +44 (0)121 498 6112
 Amy de Marsac - Investor Relations                           +44 (0)121 498 6514
 James Murgatroyd (FGS Global)                                +44 (0)20 7251 3801

 

Note for editors:

 

Mitchells & Butlers is a leading operator of managed restaurants and pubs.
Its portfolio of brands and formats includes Harvester, Toby Carvery, All Bar
One, Miller & Carter, Premium Country Pubs, Sizzling Pubs, Stonehouse,
Vintage Inns, Browns, Castle, Nicholson's, O'Neill's, Ember Inns, Ego
Restaurants and Pesto. In addition, it operates Innkeeper's Collection hotels
in the UK and Alex restaurants and bars in Germany. Further details are
available at www.mbplc.com and supporting photography can be downloaded at
www.mbplc.com/imagelibrary.

 

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