Greene King chief executive Rooney Anand announces he is stepping down from role
The boss of a Bury St Edmunds brewer and pub operator is calling time on his tenure after announcing plans to step down next spring.
Rooney Anand, Greene King chief executive, has confirmed he will leave his role at the end of the financial year.
The recruitment process for his successor is already 'well advanced', with an appointment announcement expected in the new calendar year.
Mr Anand, who was named leader of the year at the 2016 Lloyds Bank National Business Awards, said: "It has been a great privilege to lead Greene King for nearly 14 years and to serve as a director for 18 years.
"As we announced recently, the business is performing in line with our expectations and ahead of the market. With a strong team and business culture firmly in place, the time is now right for me to hand over the baton.
"I look forward to supporting Phil, the board and the management team with the succession plan and delivering our plans and results for the second half of the financial year.”
Greene King has been brewing in Bury St Edmunds since 1799. Still based at its Westgate Brewery, in Westgate Street, it now operates 3,000 outlets, including pubs, restaurants and hotels, across England, Wales and Scotland.
Philip Yea, chairman, said: "“Rooney has been chief executive of Greene King since 2005 and has proven himself to be one of the most successful and longest-serving business leaders our industry has seen, transforming our company over this period. He will leave us better positioned for the future.
"Although he remains in his role for another six months, I should like to take this opportunity to thank him publicly on behalf of the board, colleagues and shareholders for all he has done for them, the company and the industry.”
Mr Anand joined the brewer in 2001 as a board director and brewing division managing director.