REG - Tortilla Mexcn.Grill - Appointment of Non-Executive Director

Tortilla Mexican GrillAnnouncement

22/09/2022 07:00

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RNS Number : 2031A  Tortilla Mexican Grill PLC  22 September 2022

 

22 September 2022

Tortilla Mexican Grill plc

("Tortilla" or the "Group")

Appointment of Non-Executive Director

Following its first successful year as a PLC, Tortilla, the largest and most
successful fast-casual Mexican restaurant group in the UK, is pleased to
announce two Board changes to support its next chapter of growth.

1. The appointment of Francesca Tiritiello as a new independent Non-Executive
Director with effect from 20 September.

Francesca brings a wealth of business development, franchise, finance and
M&A experience and she has been involved in the
successful expansion of many branded businesses across the European QSR
market, across both advisory and senior finance positions.

Francesca is currently a Partner and Co-Founder of Kikkirossi, a European
boutique advisory firm specialising in international franchise and brand
development.  Previously, she has held a number of director and CFO roles in
European hospitality businesses, including eight years at Yum! Brands Inc.,
the owner and operator of household names including KFC, Pizza Hut and Taco
Bell, where she held European CFO and Commercial Director positions.

Francesca will take over as Chair of the Remuneration Committee from Laurence
Keen.

2. The appointment of Laurence Keen as Senior Independent Director (SID).

Laurence's skills as the CFO of Hollywood Bowl PLC have transferred this year
to make him a highly effective PLC Non-Executive Board member for Tortilla and
he will now take on these SID responsibilities as well as continuing to Chair
the Audit Committee.

 

Emma Woods, Chair of Tortilla, commented:

"We are really delighted that Francesca will be joining the Board of
Tortilla. She brings huge insight in successfully
operating, developing and franchising restaurant brands across markets,
and I have no doubt that her experience will prove invaluable during this
period of exciting growth for Tortilla, both in the UK and internationally as
we look to expand in line with our long-term growth strategy. I am also
particularly pleased to be able to strengthen the diversity of the Tortilla
Board with such a talented woman."

Francesca Tiritiello, Non-Executive Director, added:

"I am very pleased to be joining the Board of Tortilla. The Group has an
outstanding brand, a strong proposition and a really exciting opportunity to
expand both across the UK and internationally.

I look forward to working alongside the senior team and contributing my
experience and insight to support the business in achieving its significant
growth potential."

 

The following additional information is provided in accordance with Rule 17
and paragraph (g) of Schedule Two of the AIM Rules for Companies.

 

Francesca Tiritiello's (aged 49) directorships in the last five years are as
follows:

 

Current directorships and partnerships:

Kikkirossi Sàrl

AC-Koncept Sàrl

Koccamia Sàrl

 

Past directorships and partnerships held within the last 5 years:

IT-Koncept SA

Business-Koncept Sàrl

HR-Koncept Sàrl

 

Ms. Tiritiello does not currently own any securities in the Company.

 

There are no further disclosures required in accordance with Rule 17 or
Schedule 2(g) of the AIM Rules for Companies.

 

 

ENQUIRIES

 

 Tortilla Mexican Grill PLC                                Via Hudson Sandler
 Emma Woods, Non-Executive Chair
 Richard Morris, CEO
 Andy Naylor, CFO

 Liberum Capital Limited (Nominated Adviser, Sole Broker)  Tel: 020 3100 2222
 Andrew Godber
 Edward Thomas
 Nikhil Varghese

 Hudson Sandler (Public Relations)                         Tel: 020 7796 4133
 Wendy Baker                                               tortilla@hudsonsandler.com (mailto:tortilla@hudsonsandler.com)
 Lucy Wollam
 Charlotte Cobb

 

For further information, visit tortillagroup.co.uk
(https://tortillagroup.co.uk/)

 

About Tortilla Mexican Grill plc

 

Tortilla is the largest and most successful fast-casual Mexican restaurant
group in the UK specialising in the sale of freshly made Californian-inspired
Mexican cuisine. The Group had 84 sites worldwide as of 3 July 2022,
comprising 68 sites in the UK operated by the Group, four sites franchised to
SSP Group in the UK, four sites franchised to Compass Group UK & Ireland
and eight franchised sites in the Middle East.

 

The Group was founded in 2007 by Brandon Stephens, originally from California
who, upon his arrival in London in 2003, found it difficult to satisfy his
desire for quality burritos and tacos. As a result, Brandon established
Tortilla with a mission of offering customers freshly prepared, customisable,
and authentic Californian-inspired Mexican food.

 

The brand is synonymous with an energetic, vibrant culture, and with providing
a great value-for-money proposition. It embraces fast-growing sector trends
(including eating out, healthy eating, provenance, ethnic cuisine, delivery)
across a variety of locations, through a differentiated product offering which
is popular with a broad customer base, and a clearly defined multi-channel
marketing strategy. It benefits from flexible site locations and formats, and
a scalable central infrastructure.

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