Giles Thorley, chief executive of Punch Taverns, Britain's biggest pub group, today said he was quitting after nine years at the helm. The company said it was "well advanced with the process of appointing a successor" and that Mr Thorley would stay on until his successor is appointed. Although external candidates are being considered, Punch has two strong internal candidates who have helped Mr Thorley put the group on a more even keel.
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