London Town appoints Buchanan as CEO

(Reuters) - Pub operator London Town (LTW.L: Quote, Profile, Research) on Friday said it has appointed Billy Buchanan as chief executive and chief financial officer effective immediately.

Buchanan replaces current Chief Executive John Gundry who will now be the development director.

London Town said Buchanan had earlier worked in various financial and chief executive roles in the leisure industry.

The company had effected changes to its board in December last year, after it bought managed pub operator GRS Inns for 4.31 million pounds.

(Reporting by Man Ranjith Ullattil in Bangalore;)