21st Jan 2014 07:46
LONDON (Alliance News) - The Restaurant Group PLC said Tuesday that its Chief Executive Officer Andrew Page will retire in August.
The restaurant and pub operator has commenced its search for a replacement, it said in a statement.
Page will remain as an advisor to the Chairman to, "ensure both an orderly handover and continuity as the business continues to develop," said the group.
Alan Jackson, Chairman of The Restaurant Group said, "Both the Board and I personally would like to express our heartfelt thanks and congratulations to Andrew on the immense success he has achieved at TRG during his 12 year tenure. In that time the Company has come from having a market capitalisation of £75 million to be valued now at over GBP1.2 billion! That would be some achievement even in a benign economy, let alone in the exceptionally challenging decade that we have endured."
Shares in the company last traded at 625.5 pence per share.
By Alice Attwood; [email protected]; @AliceAtAlliance
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
RTN.L