2nd May 2019 09:50
LONDON (Alliance News) - The Restaurant Group PLC said Thursday it has appointed Andy Hornby as chief executive officer, with his starting date to be reveal in due course.
Restaurant Group owns dining brands such as Frankie & Benny's, Chiquito, Garfunkel's and Asian food chain Wagamama.
He will be replacing Andy McCue, who will step down after three years in the role. McCue's departure was announced in February, under "extenuating personal circumstances".
Hornby will be joining from FTSE 250 sports betting firm GVC Holdings PLC, where he is co-chief operating officer. Hornby has been part of GVC since its acquisition of Ladbrokes Coral in March 2018.
Hornby was chief operating officer of Ladbrokes Coral for two years from 2016 to 2018, following Ladbrokes's merger with Gala Coral in 2016. Before that, he was part of Gala Coral for five years from 2011 to 2016.
"I am delighted to welcome Andy to the Company. He brings very relevant consumer, people and brand-led CEO credentials, with experience leading a multi-site retail business which is undergoing digital transformation," said Restaurant Chair Debbie Hewitt.
"Andy's extensive retail background, proven hands-on operational expertise, and experience of integrating businesses position him well to provide the leadership required to deliver the next phase of our strategy," Hewitt added.
Shares in Restaurant Group were up 0.9% at 146.3 pence, while GVC shares were down 1.8% at 637.80 pence on Thursday.
Related Shares:
GVC.LRTN.L