Various Eateries appoints new CEO
Additionally, Glyn Barker, current non-executive director, will assume the role of non-executive chairman
Various Eateries, the owner, developer and operator of restaurant, clubhouse and hotel sites, has announced the appointment of Mark Loughborough as chief executive officer, effective 20 January 2025.
Loughborough brings over 30 years of experience in the hospitality industry, including most recently 14 years at Young & Co Brewery PLC, where he served as retail director and executive board member.
During this time, he played an instrumental role in the “successful” transformation of Young’s pubs, overseeing the operation of 280 sites and 1,050 bedrooms across London and the South of England and managing £490m in revenue and £142m in EBITDA.
At the same time, Andy Bassadone will transition from executive chairman to executive director on the group’s board and continue his focus on Noci’s success as its founder.
Additionally, Glyn Barker, current non-executive director, will assume the role of non-executive chairman. Barker is chairman of Irwin Mitchell and has significant public markets experience from roles including chairman of Berkeley Group plc, director of Transocean and senior independent director of Aviva plc.
Loughborough said: “I am pleased to be joining Various Eateries at an exciting time in its development. The Group has strong foundations with distinct brands, a high-quality site portfolio and one of the most accomplished leadership teams in the industry. I look forward to working with them to unlock its full potential.”
Bassadone added: “Mark’s exceptional leadership, strategic vision and focus on operational excellence have been pivotal in shaping one of the most respected companies in the hospitality sector. His experience and expertise align perfectly with our goals of driving growth and enhancing profitability and I am delighted to welcome him to the group.
“These board changes strengthen the group’s leadership structure, positioning us to execute our strategic ambitions. With his deep understanding of the business, extensive public markets experience and strong governance credentials, the Group is in very capable hands with Glyn as non-executive chairman.”
Barker concluded: ”With Mark coming on board as CEO, the Group is well-positioned to enter its next phase of growth. I am focused on working closely with the Board and the wider team to grow the business and deliver increased value for shareholders.”
