Whitbread’s managing director of restaurants, Bill Shannon, is leaving at the end of June. He recently missed out on the group chief executive’s job to Alan Parker, head of the hotels arm. It was the second time in seven years he missed out on the top post. A company spokeswoman said no decision had yet been taken on a replacement. Shannon is negotiating the terms of his departure. Whitbread refused to say whether he would receive a pay-off. The Times 28/02/04 page 60, page 63 (Need to know) The Daily Telegraph 28/02/04 page 31