Hostmore appoints non-executive director

Hostmore plc, the hospitality business with brands including Fridays, 63rd+1st, and Fridays and Go, announced the appointment of Stephen Welker to the company’s board as a non-executive director, effective as of this week.

It is reported that Welker brings a wealth of experience both from investment companies and the hospitality sector, not least from his prior involvement in the Fridays business. He is currently a partner at Sherborne Investors Management LP, an investment manager, and is responsible for leading its research function. 

Previously, he was also a director of Mondays Limited, the previous holding company in the Fridays UK group, from June 2017 to November 2021. 

In addition, Welker was also previously a director of Electra Private Equity plc from July 2019 to November 2021. 

The group was established in 2021 to provide a platform for the development and growth of attractive hospitality brands, defined by their iconic brand experience and vibrant heritage. Hostmore is said to be focused on the “organic” growth of its existing brands, alongside expanding through “new, exciting concepts” which have roll-out potential.

Hostmore currently operates 90 sites in the UK, the majority of which are in high footfall locations, including retail parks, shopping centres and city centres.

Gavin Manson, chairman of Hostmore plc, said: “Stephen will be a valuable addition to Hostmore, complementing the skills and experience we have on the board. 

“His knowledge and understanding of our core business, alongside his broad understanding of the city, investment banking and investor relations, will be important as we pursue our various growth opportunities.”