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Urban flavour to Mitchells & Butlers

Change at the top sees Alistair Darby make way for Phil Urban but move prompts share price fall
September 22, 2015

The chief executive of Mitchells & Butlers (MAB) has stepped down and made way for chief operating officer Phil Urban to take the top job.

IC TIP: Hold at 340p

The group , one of the largest operators in the UK's £78bn eating and drinking market, said Alistair Darby would step down on 26 September in spite of the "significant contribution" it said he had made during his three-year tenure.

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