British pubs and restaurant group, Mitchells & Butler has selected Interserve's Tim Jones as Finance Director , replacing Jeremy Townsend, who is joining Rentokil as CFO at the end of August.

In the meantime, Interserve said that Tim Jones, who has tendered his resignation to take up the position at M&B, will stay at Interserve for an apt period to make sure of a smooth surrender.

Interserve added that it will be looking at both external and internal applicants.

The board of Mitchells & Butlers has appointed Tim Jones as the new Finance Director at the Fleet Street-based Company.

Mr. Jones has been group Finance Director at Interserve Plc ever since 2003. Prior to this, he was serving at senior financial positions at Novar, Exel, British Gas and Hambros Bank both in the UK and overseas.

A joining date for Tim has not yet been finalized whilst Jeremy Townsend, the existing Finance Director, will leave the Company on August 31.

Chief Executive, Adam Fowle said that the Company was happy that Tim would join the team. His experience will be of a great help to take the Company at the best levels that it deserves to reach in the coming time.