Stewart to step down
Apparently, there is only so much flak a Kevlar jacket can withstand. And Brian Stewart’s seems to have worn thin. On
20 January, the UK’s "Sunday Times§ reported that Scottish & Newcastle’s controversial CEO was to stand down and that headhunters had been appointed to look for a new chief executive with "international experience" who would take the company further afield internationally in order to secure its independent future.
For several years now Brian Stewart has been the target of almost vitriolic attack from the media and the City for his obstinate refusal to divest what the City thinks is a value-destructive pubs & hotels division.
However, the City remains sceptical as to where S&N could spend this kind of money. Dickson’s pay package was £522,000..
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