Greene King stalwart Tim Bridge is to step down as chairman of the company after 11 years in the role. His replacement has been named as current Vodafone executive director, Philip Yea.
Bridge will retire from the board on 1 May, after over 45 years’ service with the company. Yea joined the board today, as a non-executive director, and will then take over as chairman on 2 May. He will initially be appointed as a member of the nomination and remuneration committees.
Yea is a former finance director of Diageo and, as finance director of Guinness, was closely involved in the creation of Diageo through Guinness’s merger with GrandMet in 1997.
Yea, also a director at Computacenter, a non-executive director of Aberdeen Asian Smaller Companies Investment Trust, and an independent director and trustee of the Francis Crick Institute, said: ‘I am delighted to be joining Greene King and it will be an honour to succeed Tim Bridge when he retires as chairman. Greene King is admired for its brands and people, and I am looking forward to working closely with Rooney [Anand, Greene King’s CEO] and the rest of the board in the next stage of its progress as a leading pub hospitality company.’
Tim Bridge said: ‘I feel very fortunate to have spent my whole career working for a great company which has grown from being a regional brewer to one of the UK’s leading pub hospitality companies. We have achieved this with an outstanding team of people and I feel confident that, through them, and with Philip Yea replacing me as chairman, the company will continue to prosper in the future.’
Greene King, based in Bury St Edmunds, Suffolk, currently employs around 42,000 people across its main trading businesses (retail, pub partners and brewing & brands), and operates over 3,000 pubs.