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Andrew Andrea to replace longtime boss Ralph Findlay as Marston s CEO

Marston s finance boss Andrew Andrea will take over the pub operator s chief executive role from Ralph Findlay, who was also once the firm s head of finance. Andrea will assume the leadership post when the current fiscal year ends in early October, 19 years after joining Marston s as a divisional finance director and following 12 years as a board member. The company said he has shown exceptional leadership qualities in his time working for Marston s, where he helped develop its franchise model and organised its operational agreement with Welsh pub chain Brains. New leader:  Andrew Andrea will become the new chief executive of Marston s in October

Property giant NewRiver eyes float of 700-strong pub group Hawthorn

Property giant NewRiver eyes float of 700-strong pub group Hawthorn Real estate giant NewRiver is planning to float its Hawthorn business of 700 pubs (Johnny Green/PA) Property giant NewRiver has said it has plans to float its Hawthorn business of 700 UK pubs and focus further on its retail business. The real estate investment trust (REIT) saw shares lift higher on Wednesday morning after it said it intends to offload the community pub arm as a standalone business. NewRiver told investors that it has reviewed its property portfolio and decided it will focus on its “resilient” retail assets as part of a plan to reshape its estate by 2025.

Scot steps down as boss of UK pub giant

EDINBURGH-born Ralph Findlay is stepping down as chief executive of pub giant Marston’s. Mr Findlay, who has led the Midlands-based company for two decades, will vacate the role at the close of its current financial year, ending September 30. The decision comes after Marston’s saw off a takeover approach from US-based Platinum Equity Advisors in February. That came after Mr Findlay brokered a £780 million joint venture with Carlsberg that saw it merge its brewing operations with the Danish giant in the UK, creating the Carlsberg Marston’s Brewing Company (CMBC), last year. The deal left Marston’s, which has a 40 per cent stake in CMBC, free to focus on its 1,500-strong pub estate.

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