The boss of pub group and Belhaven owner Greene King is to call time on a near 14-year tenure at the helm after announcing plans to step down next spring.
Long-standing chief executive Rooney Anand will step down at the end of the group's financial year, on April 30 2019.
Greene King said the process to appoint a successor is "well advanced", with a further announcement expected early in the new year.
Mr Anand said: "It has been a great privilege to lead Greene King for nearly 14 years and to serve as a director for 18 years.
He added: "With a strong team and business culture firmly in place, the time is now right for me to hand over the baton."
Shares in Greene King slipped 2% after the announcement.
Mr Anand joined Greene King in 2001 as a board director and managing director of the brewing division.
He was appointed chief executive in 2005.
Chairman Philip Yea said: "Rooney has been chief executive of Greene King since 2005 and has proven himself to be one of the most successful and longest-serving business leaders our industry has seen, transforming our company over this period.
"He will leave us better positioned for the future."
During his time in charge, Greene King's underlying earnings have tripled.
On Mr Anand's tenure, analyst Douglas Jack, at Peel Hunt, said: "It was a period that endured substantial regulatory change as well as a financial crisis, but the company has emerged much larger, with a stronger balance sheet and the best cash flow in the pub sector."
After graduating from Aston with an MBA in 1988, Mr Anand began his career at United Biscuits before going on to work in a number of marketing and general management roles for Terry's Confectionery and then Sara Lee.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here