The FINANCIAL — Scottish bar and inn company Maclay Group has appointed Michael Denny as its new chairman of the board.
Denny succeeds Gavin Reed, who has retired from the post he has held at the firm since 2001.
Denny, who has been a director of Maclay Group since 2010, said: "This is an exciting time for Maclay and I look forward to the working with managing director Steve Mallon and his team as we grow the business through further acquisitions."
Denny is a former executive chairman of NVM Private Equity and recently retired as a non-executive director of Northern Investors Company after 27 years on the board. He is also a non-executive director of the Northern Venture Trust and Northern 2 VCT.
Meanwhile, Tennent Caledonian has been appointed as Maclay's main beer supplier for its 26 sites. Tennent Caledonian is also supporting Maclay's growth plans having invested in the Alloa based business.
Managing director Steve Mallon said: "I am pleased to see that 2012 is off to a good start with profits up 5% on last year so far and we are looking to build on that as the year progresses. Sales are performing well particularly in our venues in the west of Scotland."
According to Caterer and Hotelkeeper, full-year results to September 2011 were "satisfactory" according to Mallon, who said the company had to work harder on cost control and margins to maintain profitability in the face of rising input costs.
Maclay's managed bars and inns include: the Lansdowne bar & kitchen in the west end of Glasgow; the Tullie inn, Balloch; the Rule, St Andrews; the Three Judges at Partick Cross Glasgow; and the Clockwork Beer Co in Glasgow's south side.