The UK boss of Lazard, an asset manager, is heading up to the pub with a new job as the new chairman of Marston’s.
William Rucker will be taking on the position from the start of next month. He will take over the position of Carolyn Bradley, the interim chair and Tesco veteran. He has been serving as the chief executive of Lazard in the United Kingdom since 2004.
Previously, he has previously chaired Quintain. He has also served as the chairman of Crest Nicholson Holdings PLC, an FTSE 250-listed housebuilder, for seven years from 2011 to 2018. He is currently serving as the chairman of UK Dementia Research Institute.
Rucker said that Marston’s was “well placed to capitalise on current sector trends with a leading beer business, a balanced, well-invested pub portfolio and growing lodge accommodation business.”
Marston’s has experienced a mixed year, with snowy conditions wiping out approximately £1 million in profit last January. However, the World Cup gave a welcome boost to drinks-led venues.
More recently, the firm was able to sign a deal with a vegan “bleeding” burger manufacturer as it turns its food-led venues to offer more meat-free meals.
Today, Ralph Findlay, the Chief Executive Officer of the company, said that the appointment of Rucker would help the group to deliver on its growth ambitions.
He stated: “We are delighted to welcome William Rucker to the board of Marston’s as our chairman and look forward to working with him. William brings with him extensive expertise, having advised a broad range of companies and chaired two publicly quoted companies. His skillset will further strengthen our existing board and add significant value in helping Marston’s to deliver its future growth ambitions,” said Chief Executive Officer Ralph Findlay.
The shares in Marston’s were up by 1.0 percent at 90.95 pence after the news was released.