REG - Marston's Plc - Marston’s PLC appoints Justin Platt as new CEO

Marston'sAnnouncement

17/11/2023 07:00

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RNS Number : 7574T  Marston's PLC  17 November 2023

MARSTON'S PLC ("the Company")

Marston's PLC appoints Justin Platt as new Chief Executive Officer

 

17 November 2023

 

Marston's PLC today announces that, having navigated the Company through the
pandemic and more recently the challenging macroeconomic conditions, Andrew
Andrea has agreed with the Board that he will step down as Chief Executive
Officer with immediate effect.  He will, however, be available to the
business for a period to ensure a smooth handover of responsibilities.

 

The Board wishes to take this opportunity to express its gratitude to Andrew
for his commitment to the Group over his tenure, which extends over 20 years.

 

The Board is pleased to announce that following an external process, Justin
Platt has been appointed as Chief Executive Officer with effect from 10
January 2024.  William Rucker, Chair, will support the management transition
in the short interim period with the Executive team reporting directly into
him.

 

Justin has over 30 years' experience in hospitality and consumer-facing
businesses, having spent the last 12 years at Merlin Entertainments; most
recently as Chief Strategy Officer and prior to that in a variety of
operational leadership roles.  Justin has a proven track record of delivering
sustainable business growth through his clarity of strategic focus, a passion
for enhancing customer experiences and a relentless focus on business results
delivery. Justin's combination of operational and strategic experience in
multi-site leisure businesses equips him perfectly to lead Marston's through
the next phase of its development.

 

Current trading remains in line with management expectations. As previously
highlighted, the Group will announce its preliminary results on Tuesday 5
December 2023.

William Rucker commented: "Andrew has worked for the Company for over 20 years
and the Board thanks him for his valuable contribution, particularly in recent
times, which has been one of the most challenging for our sector.  He leaves
with our very best wishes.

"Looking forward, I am very pleased to be able to announce the appointment of
Justin Platt whose broad Consumer sector expertise, strategic acumen and
prowess in customer experience at Merlin will be of great benefit to Marston's
at this stage in the Company's journey."

Andrew Andrea commented: "I am extremely proud to have navigated Marston's out
of the pandemic as a focussed pub business and put in place a first-class
management team who are achieving market outperformance.  This is the right
time for me to step down and I am confident the business is in great shape
with strong future potential.  I wish William, Justin and the whole team
continued success in the future."

Justin Platt commented: "I am delighted to be joining Marston's. The Company
has massive potential and a passionate and talented team. I am really looking
forward to working with the Board and the management team to deliver the
sustainable business growth that will drive value for our shareholders."

ENQUIRIES:

 

 Marston's PLC                         via Instinctif                Instinctif Partners          Tel: 020 7457 2020
 William Rucker, Chair                                               Justine Warren
                                                                     Matthew Smallwood

                                                                     Joe Quinlan

 

NOTES TO EDITORS

 

1.   Marston's is a leading pub operator with a 40% holding in Carlsberg
Marston's Brewing Company.

2.   It operates an estate of 1,415 pubs situated nationally, comprising
managed, franchised and leased pubs.

3.   Marston's employs around 11,000 people.

4.   There are no other details that are required to be disclosed under Rule
9.6.13 of the Listing Rules of the UK Listing Authority.

5.   The information contained in this announcement is deemed by the Company
to constitute inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014 which forms part of domestic law in the
United Kingdom pursuant to the European Union (Withdrawal) Act 2018

6.   Remuneration arrangements for Justin Platt and severance terms for
Andrew Andrea are consistent with the terms of the Directors' Remuneration
Policy approved by shareholders at the AGM in January 2023, full details of
which will be set out in the forthcoming Annual Report and Accounts.

 

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