REG - Various Eateries PLC - Directorate Change

Various EateriesAnnouncement

22/09/2022 07:00

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RNS Number : 2227A  Various Eateries PLC  22 September 2022

22 September 2022

 

VARIOUS EATERIES PLC

("Various Eateries" or "the Company"

and with its subsidiaries "the Group")

 

Directorate Change

 

Various Eateries PLC, the owner, developer and operator of all day club,
restaurant and hotel sites in the United Kingdom, announces that Oli Williams
has confirmed he is to step down as Chief Financial Officer and director of
the Company with effect from 11 November 2022 to pursue other opportunities.

 

James Darwent will replace him as CFO on an interim basis (a non-board
position), starting with the Company on 26 September 2022. To ensure a smooth
transition, Oli will continue to work alongside James for the remainder of his
time at the Company.

 

In a career spanning over 15 years, James has held senior finance roles in
private equity-backed businesses with a particular focus on retail and
hospitality including Group Finance Director at award-winning global
restaurant business Azumi, Global Head of Finance at international retail
brand AllSaints, and Finance Director at leading UK restaurant company, The
Big Table Group. James is experienced in financial and management reporting
and has played an important role in implementing a variety of corporate
strategies with a view to delivering growth in shareholder value.

 

Oli joined Various Eateries in 2018. He has since played an integral role in
the Company's successful listing on AIM, a market of the London Stock Exchange
and has been instrumental in navigating the pandemic while strengthening the
finance function of the business.

 

The Company has commenced a formal search process for a permanent CFO and will
provide an update at the appropriate time.

 

Andy Bassadone, Executive Chairman of Various Eateries, said:

 

"Oli has played an important role in the development of the business over the
last few years. First in helping us prepare for and make the transition to
becoming a listed company, secondly in his decisive management of the
challenges posed by Covid, and thirdly in putting the right systems and
processes in place to enable us to scale and meet our growth ambitions for
years to come. On behalf of the Board and our colleagues, I would like to
thank him for his contribution.

 

At the same time, the Board and I would like to welcome James to the team. He
brings a wealth of knowledge and relevant experience with him which will help
facilitate the future progress of the business. I look forward to working with
James as we continue to execute on our expansion strategy."

 

Oli Williams, outgoing Chief Financial Officer, said:

 

"Since I joined Various Eateries, the Company has made significant progress,
despite the obstacles posed by the pandemic, and is now primed to deliver on
its expansion plans. It has been a privilege to lead the finance team over the
past four years - through our IPO and in rising to the challenges in the
period that followed - and I will look back on my time at the business fondly.
The Company has a host of opportunities and a bright long-term future ahead of
it."

 

James Darwent, incoming Interim Chief Financial Officer, said:

 

"Various Eateries' proposition is a compelling one and, with the Group now
making encouraging headway in its expansion plans, this is an exciting time to
be joining the team. I look forward to getting started and contributing to the
continued success of the business."

 

 

Enquiries

 

 Various Eateries plc
 Andy Bassadone        Executive Chairman                 Via Alma PR
 Yishay Malkov         Chief Executive Officer
 Oli Williams          Chief Financial Officer

 WH Ireland Limited    Sole Broker and Nominated Adviser  Tel: +44 (0)20 7220 1666
 Broking

 Harry Ansell
 Nominated Adviser

 Katy Mitchell

 Alma PR               Financial PR                       Tel: +44 (0)20 3405 0205
 David Ison                                               variouseateries@almapr.co.uk
 Lily Soares Smith
 Pippa Crabtree

 

About Various Eateries

 

Various Eateries owns, develops and operates restaurant, clubhouse and hotel
sites in the United Kingdom. The Group's stated mission is "great people
delivering unique experiences through continuous innovation".

 

The Group is led by a highly experienced senior team including Andy Bassadone
(Executive Chairman), Hugh Osmond (Founder), Yishay Malkov (CEO), Oli Williams
(CFO) and Matt Fanthorpe (Chef Director, a non-board position).

 

The Group operates two core brands across 15 locations:

 

 ·     Coppa Club, a multi-use, all day concept that combines restaurant, terrace,
       café, lounge, bar and work spaces
 ·     Tavolino, a restaurant aiming to address a gap in the market for high-quality
       Italian food at mid-market prices
 ·     Noci, a modern, neighbourhood pasta-only concept which serves very
       high-quality dishes at reasonable prices

 

For more information visit www.variouseateries.co.uk

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