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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 1 of 2
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4707, lets call me Vince 18/11/2009 10:50:44  |
RE: Paveley appointed to Admiral chair Another money go round appointment in the property world that pubs have become. If you don't have a freehold you don't have a pub, you have an outlet. Just a site to sell the brands that all that marketing spend makes everyone want, apparently. When did the pub business cease to be a hospitality business? This post replies to this thread |
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info man 18/11/2009 10:52:34 |
RE: Paveley appointed to Admiral chair "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 strategy director at Greene King" A glowing resume for change then? Roll on the TISC/BEC or BISC as it is now known. This shows that change is not on the agenda and must be forced. How can the bank bail out this company without a stratergy to redress the balance of profitability to the tenants. They would have had to have pitched a model which was even more damaging to show greater short term profitability or why would the banks allow it to go on? Why did they not shut Admiral down and sell on the assets to sitting tenants? This shows that even if the valuations of the big two were brought into line with the rsal world all that would happen is that the banks would take an equity swap and allow them to carry on. No action would be taken against those who had caused the companies to fail and the model would roll on or sail into the sunset? This post replies to this thread |
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brian clarke 18/11/2009 12:25:13 |
RE: Paveley appointed to Admiral chair Any chance of some new thinking or is it a case of jobs for the boys and business as before? This post replies to this thread |
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| david wine 18/11/2009 13:46:46 |
RE: Paveley appointed to Admiral chair another failed director of a failing company appointed to turnaround the fortunes of a failing company great thinking This post replies to this thread |
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| Forum user 4014 18/11/2009 14:27:08 |
RE: Paveley appointed to Admiral chair They should all be shouting for a reform to the Smoking ban,that way they may once again call it the Hospitality Industry and the Hospitality Business,if Paveley wants to show any leadership skills.then a change to the ill-thought out ban should be top of his agenda, a business without customers,is not a business,simple. This post replies to this thread |
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| Georgette Way 18/11/2009 14:50:43 |
RE: Paveley appointed to Admiral chair They won't get rid of the smoking ban as it is an E/U wide initiative, not a Labour Government one. I'm afraid giving in the the health facists was the thin end of the wedge! This post replies to Forum user 4014 > RE: Paveley appointed to Admiral chair |
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| Nigel Wakefield 18/11/2009 15:04:04 |
Paveley appointed to Admiral chair What did I say on the other thread about the same failed, jobs for the boys. Why don't they get people in that understand the industry and how to motivate licensees, not a succession of people who have worked for companies that the BEC has identified as seriously flawed in policies and activities. What does Matthew Clark know about running pubs, they know about selling wholesale drinks and that's a million miles away from selling to Joe Public. I applied for a moderately high profile job some considerable years ago having owned freehouses for years and was turned down by a consistently failed director of various failed companies, who told me that I wasn't high enough profile and executive material. The person that got the job was high profile and lasted three months and quit. He then phoned me about taking the job and I had the occasional ex MD under my guidance, none of them lasted. Life is very soft at the top everyone tells you what you want to hear and you float along on a cushion bull, it's great, if you have good guys under you who do all the work, as an ex director of various companies I made sure as I have done with all my businesses that I know as much as possible about every aspect of my responsibilities, the key people are the people at the bottom of the coal face who produce the goods to actually make the money. This has long been forgotten by a lot of Pub Co management, shuffling paper and theoretical figures do not make a profit. The desert these people are burying their heads in is getting bigger by the minute, the real problems need addressing and the whole industry needs restructuring. This post replies to this thread |
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| 4707, lets call me Vince 18/11/2009 16:05:06 |
RE: Paveley appointed to Admiral chair I'm afraid you have it right. I said a long time ago that although lots of gremlins will come out of the cupboard, it will not help tenants or customers of pubs. Unless of course rent reviews force rents down to a level that the cash cow is not worth milking and the big boys go off and find another old gal to squeeze. This post replies to info man > RE: Paveley appointed to Admiral chair |
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| Karl Harrison 18/11/2009 16:31:30 |
Paveley appointed to Admiral chair Ah! A rejected Punch Taverns man - everything will be fine now then! Wonderful stuff - you couldn't write it really. Usual guff "I'm delighted to have been able to...........I see lots of opportunities...blah blah blah" Lots of opportunities to top up the pension fund I would think. Beyond that I'm not so sure. I'm with Nigel Wakefield on this - why on earth don't they try to find someone who might make a difference to this tawdry company. Unless of course the bank just wants to wind it down and exit, which could be the plan of course. This is the only sector I've come across that seems intend on destroying itself. Its essential to promote the understanding that the pub sector is not one happy family - publicans and their customers have a connection with brewers and suppliers. There is no real connection beyond rent with failed property plays such as Admiral, Punch and Enterprise. Beyond that pulicans and so-called "pubcos" are simply handcuffed together unwillingly by the increasingly discredited 'beer tie'. The severe restriction of that would go a long way to ridding the pub sector of those elements that are causing so many problems and pub failures. Despite protestations from the likes of the BBPA and Giles Thorley (who gave to BESC as a benefit of the tie the fact that he would deliver your beer if you agreed to pay for it!) what we've seen from Admiral's collapse is that it doesn't matter a jot whether these "pubcos" exist or not. This post replies to this thread |
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| Robert Feal-Martinez 18/11/2009 18:13:34 |
Paveley appointed to Admiral chair Let's be fair somebody loves him. This post replies to Karl Harrison > Paveley appointed to Admiral chair |
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