Byron financial restructuring completes with management team overhaul

Byron has confirmed that Steve de Polo, who joined the chain as commercial and brand director two months ago, will become its new managing director.

The announcement follows the news that Byron COO Nick Young, who joined the business around a year ago, has now left the company.

The changes are part of a “comprehensive operational turnaround plan” by Byron, which has recently appointed a new management team.

de Polo is expected to take over some of the responsibilities previously held by Young.

In a statement, a spokesperson for the company said: “We are delighted to confirm that Steve de Polo has taken on a larger role within Byron as the company enters an exciting new period. Steve will take over some responsibilities from Nick Young, Byron’s COO, who has decided to leave the business. We are sincerely grateful to Nick for all his work and we wish him the very best for the future”

The statement went on to describe Byron’s current situation with regards to the brand as a whole.

It said: “Byron’s financial restructuring and CVA process is now complete and we have turned our attention to achieving operational excellence, evolving the Byron brand and continuing our journey to turn the UK into a nation of proper hamburger lovers.”

Last year, Byron was one of the first chains to implement a CVA following the downturn in casual dining and last month it announced an overhaul plan to bring “significant sector change and management expertise” to the company, following the closure of 17 stores earlier in the year.

Its latest financial accounts revealed the company had incurred a £55m pre-tax loss.

You can find out more on the FEJ exclusive story on Byron’s overhaul here:

EXCLUSIVE: Byron vows “complete overhaul” of restaurant offer as new management team bids to put troubles behind it

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