Spirit demerges from Punch

01/08/2011

This morning, the demerger of the Sprit Pub group from Punch Taverns was concluded, affecting 800 pubs which will now be operated by Spirit independently.

Punch’s former chief executive Ian Dyson has not become chief executive of Spirit, while Mike Tye becomes deputy chief executive, moving from a position of Managing Director of Punch’s managed division.

Punch Taverns, which will become solely a leased and tenanted operator, will be headed by Roger Whiteside, current managing director of the leased and tenanted business.

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