The boardroom row at UK pub operator Mitchells & Butlers escalated on Tuesday when M&B appointed a chairman over opposition from Joe Lewis, its biggest shareholder with a 23% stake, and called on both his board representatives to quit. Following a board meeting on Monday night, M&B said it had resolved to appoint Simon Laffin, current senior independent director, as chairman with immediate effect to succeed Drummond Hall, who is retiring.

This entry was posted by Gwen Robinson on Wednesday, December 2nd, 2009 at 4:28 and is filed under Capital markets, People. Tagged with mitchells & butlers. Edit this entry.