Mitchells & Butlers 50-week LFL Sales Up 1.0%; Names Phil Urban Chief Executive

(RTTNews) - Mitchells & Butlers plc (MAB.L, MLB) reported that its total sales growth for the 50 weeks to 12 September 2015, was 7.0%, with like-for-like sales growth of 1.0%. The Group expects results for the year to 26 September 2015 to show growth on last year although, on the basis of this recent trading, to be at the bottom end of the range of current market expectations.

The Board of Mitchells & Butlers also announced the appointment of Phil Urban as Chief Executive, from 27 September 2015. Phil joined Mitchells & Butlers in January 2015 as Chief Operating Officer, and was previously Managing Director at Grosvenor Casinos, a division of Rank Group and Chairman of the National Casino Forum.

Alistair Darby will step down as Chief Executive on 26 September 2015, and will retire from the Board and leave the company on the date.