The Restaurant Group chairman to step down
Ken Hanna will remain with TRG as chairman until his successor is appointed in order to allow for an orderly handover
The Restaurant Group has announced that the company’s chairman, Ken Hanna, has decided to step down due to personal reasons.
The board will now initiate a comprehensive search process to identify a new chairman and will update the market as and when appropriate.
Hanna will remain with TRG as chairman until his successor is appointed in order to allow for an orderly handover.
TRG reported strong interim results on 6th September with group revenues increasing 10% and adjusted EBITDA 15%, driven by Wagamama, pubs and concessions. The company also announced a moderate increase in management’s FY23 Adjusted EBITDA expectations and excellent early progress in executing its medium-term plan.
Commenting on the announcement, Hanna said: “It has been a privilege to work at TRG and I will be leaving the company in great shape with the business trading really strongly, outperforming the market and making good progress on its strategic options.
“I would like to thank the Board and management team as well as our brilliant colleagues across the business for their great work and support during my time with TRG. I wish them and the Group much continued success.”
Andy Hornby, CEO of TRG, added: “On behalf of the board I would like to thank Ken for his outstanding contribution to the business. He has been an exceptional chairman and a hugely valued colleague during a critically important period for TRG as we have successfully recovered from the Covid pandemic and made good progress with our strategy.
“Ken’s leadership of the board will be greatly missed by all his colleagues at TRG and we wish him well.”
