Board shake-up at Mitchells & Butlers as finance chief quits to join Rentokil

PUBS and restaurant group Mitchells & Butlers (M&B) has appointed Interserve’s Tim Jones as finance director replacing Jeremy Townsend, who will join Rentokil as chief financial officer at the end of August.

Meanwhile, Interserve said Tim Jones, who has handed in his resignation in order to take up the role at M&B, will remain at Interserve for “an appropriate period” to ensure a smooth handover.

Interserve said it will be looking at both external and internal candidates and will be taking on consultants as part of a hunt for a new finance chief.

M&B chief executive Adam Fowle said: “We are delighted to welcome Tim to the board. His wide experience will be of great value as we continue to drive the strong performance of the company.”

Townsend joined Mitchells & Butlers in 2005 as deputy finance director taking up the chief finance role in early 2008. He previously worked in audit and corporate finance at Ernst & Young, and held a number of roles at J Sainsbury including group financial controller prior to joining M&B.