Managing Director of Hotels for the Endeavour Group, Bruce Mathieson Jr, will step down from his role in December after ten years with the business. Mr Mathieson joined in 2011 as CEO of the ALH Group – the business established by his father in 1974.
During his tenure at Endeavour, Mr Mathieson oversaw the expansion of the venue portfolio from 200 to 341 hotels, including five managed clubs.
Endeavour Group Managing Director & CEO, Steve Donohue said Mr Mathieson had decided now is the right time to step down from his role as Managing Director of Hotels to pursue other interests and the recruitment process for his replacement has begun.
“Bruce has been instrumental in leading the Hotels business through a significant period, which has included the successful completion of the merger of ALH Group with Endeavour Drinks to create Endeavour Group in July 2019, the demerger of Endeavour Group and Woolworths in June of this year, and navigating the impacts of the COVID-19 pandemic,” Mr Donohue said.
“During his time with ALH, Bruce has significantly grown the business …and spearheaded several large transformation initiatives, including the rollout of new technology led innovation to enhance the customer experience across our Hotels portfolio. Bruce’s expertise and unwavering commitment has been of immense value to Endeavour Group and he leaves the Hotel business in a strong position as it enters the next exciting phase of growth.”
The business has commenced its recruitment process to find a suitable replacement for Mr Mathieson.
Mr Mathieson father’s company, BLM Group, bought8.4 million shares in Endeavour Group in September spending $55m to lift its stake in Endeavour to 15 per cent.
Last month, property fund manager Charter Hall partnered with hospitality superannuation fund Hostplus to buy out pub owner ALE Property Group. The Endeavour Group is ALE’s only tenant and Endeavour also rents other pubs from the Charter Hall/Hostplus consortium.
The Endeavour Group is the largest hospitality and drinks business and the largest operator of pubs in Australia. Of its 341 venues, 140 are now owned by the Charter Hall and Hostplus consortium. By comparison, AVC owns 172 venues, Merivale owns 71 and Redcape owns 36.