Merlin Entertainments confirmed yesterday that chief financial officer, Andrew Carr, will retire this year.

Carr has been in the role at the UK theme parks giant since 1999 and will remain in the post until a successor is appointed.

Company chairman, John Sutherland, said: “Andrew has been a major contributor to Merlin’s phenomenal growth during this period and to its successful transition to a public company.

“We look forward to working with his successor to further build on this progress.”

Shares in Merlin closed down 1.4% at 442.95 pence on Wednesday.