- Marston's
- 04 March 2025 10:56:13
Source: Sharecast
She will remain with Marston's as CFO and an executive director until October 2025 to ensure a smooth transition while her successor is appointed.
Marston’s said the process to recruit a new CFO is underway and a further update will be issued in due course.
Chief executive Justin Platt said: "I would like to thank Hayleigh for her more than 20 years of service to the group.
"Since becoming CFO in 2021, she has played a key role in Marston's transformation into a pure-play hospitality business, helping lay the foundations for the group's continued success. She leaves with our very best wishes for the future."
At 1055 GMT, the shares were down 1.5% at 41.37p.
Shore Capital analyst Greg Johnson said: "Although disappointing we do not believe the announcement changes the investment case.
"We expect the trading backdrop to remain resilient, with a clear plan to streamline operating performance and improve cash flow, which on our estimates is forecast to deliver solid earnings growth and further deleveraging. We do not believe that this opportunity is reflected in a mid-single digit price-to-earnings ratio and a price-to-book value at just 0.4x."
Shore has a ‘buy’ rating on the stock.