Whitbread has announced that Sir Ian Cheshire will step down from its board and as senior independent director.
Sir Cheshire, who was appointed to the role in February 2011, will step down at the end of Whitbread’s board meeting on 21 September 2017.
His stepping down comes after the announcement in February that he would chair Barclays new ring-fenced UK bank and in April Cheshire, who also chairman at Debenhams PLC and Menhaden Capital PLC, announced he would reduce board commitments.
Richard Baker, chairman of Whitbread, said: “I would like to thank Sir Ian for more than six years of service to Whitbread, initially as chairman of the remuneration committee and more recently as senior independent director.
“Sir Ian has made a significant contribution to Whitbread during a very successful period in the company’s history and I wish him well in the future.”
Adam Crozier, who joined the Whitbread board on April 1st 2017, said: “I am delighted that Adam Crozier, a highly experienced business leader, has agreed to succeed Sir Ian as senior independent director.
“Adam joined the board earlier this year and we are already benefitting from his much valued experience and advice.”