Hotel and restaurant operator Maypole Group's chief executive Alastair McEwen is to step down from his role as chief executive to become operations director.
The news came as the company, which runs six countryside hotels with restaurants, announced a rise in like-for-like sales of 4.5% despite the poor weather at the start of the year.
The company also managed to slow its losses for the year to 31 December 2009, making a pre-tax loss of £465,000 for the period, compared with a pre-tax loss of £1.2m the year before.
But annual turnover dropped 9.6% to just under £5.7m for 2009, following Maypole's sale last year of the Wroxton House hotel, which accounted for £848,000 of total sales in 2008.
In his chairman's statement, Simon Bentley said: "Trading conditions remain difficult with the poor weather in the first quarter affecting sales across the country. Decisive actions have been taken to minimuse the impact on our business, to achieve a further sustainable reduction in the operating expenses in 2010."
The company runs the Lifeboat Inn and Old Coach House, both in Thornham on the North Norfolk coast, as well as the Pear Tree Inn in Whitley near Melksham, just outside Bath.
It has yet to name a successor for McEwen in the role of chief executive.
By Neil Gerrard
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