Giles Thorley to step down as chief executive of Punch Taverns

31st March 2010, 10:41am

Giles Thorley has announced that he is to step down as chief executive of pub group Punch Taverns.

Thorley commented on his decision: "After nine exciting years at Punch I have decided to leave the business. Having grown Punch into Britain's largest pub company, the past two years we have faced the worst recession for a generation and significant structural and political challenges to the industry.

"We have made good progress in reshaping our business and balance sheet, stabilised our operating performance and have taken the right actions to position Punch to achieve long term sustainable success. Punch has a great team in place and I am confident that they can continue to lead the industry forward and secure the future of the great tradition that is the British pub."

Peter Cawdron, chairman, added: "I would like to thank Giles for his incredible commitment and drive that he has brought to Punch during his time with the business. His dedication has not waivered during good and bad times and he will leave a business poised to benefit from an improvement in economic conditions. The Board wishes him every success in the next part of his career."

Related Articles:

• 10 Aug 2010 - Punch Taverns push staff forward with apprenticeship and training initiatives
• 18 Mar 2010 - Punch Taverns makes it into best companies survey
• 14 Oct 2009 - Punch Taverns remain cautious
• 25 Aug 2009 - Punch blames poor trading on lack of sunshine

Click here to submit a comment!

Have your say!

To comment on this article, simply enter your name and email and send us your views. Please note that your comment will appear publicly below this article once it has been processed. For enquiries please email info@eatoutmagazine.co.uk.