REG - Restaurant Group PLC - Directorate and management changes

RestaurantAnnouncement

21/06/2023 07:00

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RNS Number : 3597D  Restaurant Group PLC  21 June 2023

 
The Restaurant Group plc

 

The Restaurant Group plc ("Group" or "TRG")

 

Directorate & management changes

 

The Restaurant Group plc today announces a number of changes to its senior
team:

 

1.   After more than five years at TRG, Kirk Davis will be standing down from
his role as Chief Financial Officer (CFO) following the presentation of TRG's
interim results in September 2023. Kirk will conduct the analyst presentation
and investor roadshow in September and remain available to the Company until
31 October 2023.

 

2.   Following a thorough internal and external process, Mark Chambers
(currently Chief Executive Officer for Leisure & Concessions) will take on
the role of CFO Designate from 1 July 2023 and will formally take over as
Group CFO from 15 September 2023.  Mark has over twenty years of senior
experience in Leisure and Hospitality.  After spending fifteen years in
Finance, Mark moved into General Management roles over 10 years ago. This
combination of Financial and Operational experience makes him a very strong
candidate for TRG's next stage of evolution.  A brief summary of Mark's
career history is outlined in the notes section below.

 

3.  Jonathan Knight, who has been with TRG for just over three years, will
become CEO of Leisure & Concessions reporting direct to Andy Hornby (with
effect from 1 July 2023).

 

4.    Jacqui McManus (currently People Director for Leisure &
Concessions) will take on a dual role as Group HR Director and People Director
for Leisure & Concessions (reporting to Andy Hornby).

 

Commenting on the changes, Andy Hornby (CEO) said:

"These management changes are the result of carefully managed succession
planning.  I would particularly like to thank Kirk for his huge efforts over
the past five years.  TRG is a very different business from when he joined in
2018. He was instrumental both in the acquisition and successful integration
of Wagamama and in supporting the business as it successfully navigated the
Covid pandemic.  We wish him all the very best for the future."

 

Current trading remains in line with management expectations and TRG plans to
announce its Interim results on Wednesday 6(th) September 2023.

 

Enquiries:

 The Restaurant Group plc                                    020 3117 5001

 Andy Hornby, Chief Executive Officer

 Kirk Davis, Chief Financial Officer

 Umer Usman, Investor Relations

 MHP Communications                                          0788 522 4532 / 0787 631 7387

 Oliver Hughes

 James McFarlane

 

 

Regulatory disclosures

 

Mark Chambers was a director of TRG UK Ltd when it underwent a CVA in 2020.
 There are no other regulatory disclosures to be made.

 

Notes:

 

1.   The Restaurant Group plc operates approximately 400 restaurants and
pub restaurants throughout the UK as at 21 June 2023. Its principal trading
brands are Wagamama, Brunning & Price and Frankie & Benny's.  It also
operates a multi-brand Concessions business which trades principally
in UK airports.  In addition, the Wagamama business has a 20% stake in a JV
operating seven Wagamama restaurants in the US and over 50 franchise
restaurants operating across a number of territories.

 

2.   Mark Chambers joined the Company as CEO of Leisure and Concessions in
March 2020 and lead the business through the turbulent COVID period.  He has
20+ years of experience in Finance and Operational roles and was previously
Managing Director Retail at Ladbrokes Coral (now Entain plc).  Prior to this
Mark was Finance Director at Coral and has held senior finance positions at
Giles Insurance, Coral and Norman Broadbent having started his finance career
with Ernst & Young. He is a member of the Chartered Institute of
Management Accountants.

 

 

 

 

 

 

 

 

 

 

 

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