Pub chain Young’s will promote its retail director, Patrick Dardis, to chief executive later this year as it waves goodbye to outgoing boss Stephen Goodyear.
Dardis will take over on 5 July, at the end of the company’s AGM, the company said.
Goodyear, who will remain on the board as a non-executive director, will work closely with his successor over the next few months to ensure an orderly handover of responsibilities.
56-year-old Dardis joined Young’s in 2002 and was appointed to the board a year later. Since then he has had overall responsibility for the Young’s managed estate and, in July last year, he also took over responsibility for Geronimo Inns, the other managed house division within Young’s.
Under his leadership, the core Young’s managed estate has delivered strong outperformance, with reported same outlet like-for-like revenue increasing by over 5% in each of its last four years.
Nicholas Bryan, chairman of Young’s, said: “This change represents a smooth and effective succession plan. In Patrick, we have a very well qualified successor to Steve as chief executive. Having undertaken a thorough review of potential candidates, including externally, it was very clear that Patrick, having been intrinsically involved in our success over the last 10 years, was the right person.”
Young’s operates 168 managed pubs and 79 tenanted ones, principally located in London and the South East.