Stonegate Pub Company has announced that Toby Smith, the Chief Executive Officer, has informed the Board of his intention to leave the Company as soon as a suitable successor can be appointed.
He joined Stonegate in June 2011 following the acquisition of the Town and City Pub Company which he had led since 2008, and has been instrumental in growing Stonegate into the UK’s largest and most profitable privately owned managed pub company.
Ian Payne, Chairman of Stonegate, said: “On behalf of the Board I would like to thank Toby for the massive contribution that he has made towards the success of Stonegate, and on a personal basis thank him for his friendship over the eight years that we have worked together.”
Manjit Dale, Founding Partner at TDR Capital, said: “On behalf of the whole team at TDR we would like to thank Toby for his dedication, commitment and drive in building Stonegate into the fantastic business that it is today.”