The Restaurant Group has filled a missing piece of its boardroom jigsaw by bringing in Barry Nightingale as its new CFO.
The company has been without a finance chief since earlier this year when Stephen Critoph left his post after 11 years with the company.
Nightingale will take up the role on 20 June and will have accountability for the finance function as well as IT, procurement and property.
The experienced director joins the company from Monarch Airlines, where he played a considerable role in the company’s turnaround and, prior to that, leisure giant Betfred, where he led the successful acquisition and integration of Tote.
“I am delighted that he is able to join immediately and will be able to contribute to and support the implementation of the ongoing review of our operating strategy and brands,” said TRG’s CEO Danny Breithaupt. “ Together with his strong financial credentials, he brings very relevant experience from a variety of consumer, leisure and multi-site businesses and will add real strength to our executive team.”
TRG’s chairman, Debbie Hewitt, added: “Barry has a broad commercial background and extensive corporate finance experience, which will bring new insights to the CFO role and which will allow him to make an immediate contribution to this important phase in the company’s development and in the future.”
The Restaurant Group operates more than 500 restaurants and pub restaurants throughout the UK. Its principal trading brands are Frankie & Benny’s, Chiquito, Coast to Coast, a Pub restaurant business and a Concessions business which trades principally in major UK airports.
Nightingale joins the company at a time when it is carrying out a comprehensive review of its current operating strategy after it admitted that it had seen a “further deterioration” in trading conditions at the start of this year. Full details of that story can be found HERE.