Pub group M&B ditches CEO, warns on profit

Pub group Mitchells & Butlers yesterday said it had replaced its CEO Alistair Darby with insider Phil Urban as it warned weak trading would push full-year profit to the bottom end of forecasts.

Pub group M&B ditches CEO, warns on profit

The group, whose pubs include Harvester, Toby Carvery, and All Bar One, said Urban would take control on September 27 with Darby’s three-year tenure ending the day before.

Chairman Bob Ivell said the group’s non-executive directors had considered the issue of leadership very carefully before appointing Urban.

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