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News Article Comments : Paveley appointed to Admiral chair
Jonathan Paveley, the former Punch Taverns director, has been appointed executive chairman of Admiral Taverns.
He replaces Gary Landesberg following a refinancing of the business, which was concluded earlier this week and saw Lloyds Banking Group acquire an equity stake in the tenanted and leased pub group.
Paveley will take the helm of an experienced management team that also includes Andy Clifford, Lynne D'Arcy and Peter Brook.
Paveley told M&C Report: "It is very early days for me to start talking about the future direction of the business, and clearly it is a challenging market, but the financing difficulties the company faced have been dealt with and I see lots of opportunities."
He said that the appointment - instigated by Lloyds - would not affect his other roles. Paveley is chairman at Hook Norton, the Oxfordshire brewer and pub retailer, and Matthew Clark, the drinks wholesaler and distributor.
He was previously commercial director of Punch Taverns, and before that strate
15 Posts(s) found for this thread: Now displaying page 2 of 2
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Forum user 3971 18/11/2009 18:12:36  |
Paveley appointed to Admiral chair I think they have chosen Mr Paveley because he's probabably quite cheap as a part timer!lol Admiral Hook Norton & Matthew Clark can now become one for buying power maybe? This post replies to Karl Harrison > Paveley appointed to Admiral chair |
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| Ray Johnson 18/11/2009 18:33:53 |
Paveley appointed to Admiral chair Do Punch still own 50% of Matthew Clark or did they manage to sell it off? This post replies to this thread |
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| Forum user 3971 18/11/2009 19:01:01 |
Paveley appointed to Admiral chair I heard rumour that Heineken were to prop up Punch in exchange for MC but would not be allowed because of Waverley TBS! just rumour? This post replies to Ray Johnson > Paveley appointed to Admiral chair |
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David Morgan 19/11/2009 06:14:11 |
Paveley appointed to Admiral chair The mistake we all make is giving organisations in a position of power the credibility of having common sense.The selection of "a safe pair of hands" in City speak is as much making sure that the selection process does not come back and bite the people that made the decision.I have first hand made the mistake of crediting some (not all) major money men and Coprorate high fliers with a degree of intelligence in line with the position they held.All too often it was just smoke and mirrors as echoed by Nigel Wakefield's post.When you look at the crop of recent corporate disasters,including plcs,weren't they all headed by innovative forward thinkers,some of whom were hired specifically to turn the business round.What didn't change was the seed corn they had taken on in the first place. Paveley starts with a second rate down at heel estate,a generally dispirited bunch of Lessees and the same troops as were there last week to run his empire.The phrase "Hospital Pass" comes readily to mind,unless he can rapidly change any of the three factors mentioned.More than a little difficult !! This post replies to Forum user 3971 > Paveley appointed to Admiral chair |
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Sam Bailey 19/11/2009 23:48:04 |
Paveley appointed to Admiral chair I'd argue that most people posting on here have made more fundamental mistakes than this. This post replies to David Morgan > Paveley appointed to Admiral chair |
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