Restaurant group Rick Stein has appointed Richard Banks CBE as its new chairman and Dr Mark Hixon as a non-executive director.
The experienced business leaders join the board following distinguished careers across the UK retail, management and financial sectors.
Mr Banks, formerly CEO of UK Asset Resolution, is recognised for the successful restructuring of failed banks Bradford & Bingley and Northern Rock in the wake of the financial crisis.
Appointed CBE in 2016 for services to taxpayers, he brings industry-leading experience with him to the board of Rick Stein.
He specialises in building strong management teams and boards in the retail and commercial banking sectors. He is also chairman of Shop Direct Finance Company Limited and Shop Direct Ireland – both part of The Very group – and non-executive director of Aldermore Bank and Computershare Loan Services.
Dr Mark Hixon – who will join the board as a NED – is the managing director of Consulting Associates Worldwide (CAW), with 30 years’ experience in management consultancy, specialising in improving business performance through the management of people, processes, systems and cost.
He started his career at the Lucas Group before joining Coopers & Lybrand and then being recruited by KMPG to lead high-profile performance improvement projects. He then established his own highly successful management consulting company in 2001.
Dr Hixon has a long-standing relationship with Rick Stein as, for the last 10 years, the business has provided breakfasts to guests at his boutique hotel in Padstow.
With the guidance of its new board members, the group will look to further develop its business which spans restaurants, casual dining and accommodation across the UK, as well as ecommerce, including an online fishmongers and restaurant boxes.
Rick Stein employs 720 staff and sons Edward, Jack and Charlie Stein are fellow directors of the company.
Commenting on the appointments, Rick Stein said: “We are absolutely delighted to be able to appoint Richard Banks and Dr Mark Hixon as chairman and non-executive director of our board. We are excited that both, with their wealth of financial and business experience, should find our company sufficiently dynamic and interesting to offer their guidance for the next few years.
“Having spent time with Richard and Mark I think it will not only be a great business experience but also a very enjoyable one.”
Founded in Cornwall in 1975 by Rick and Jill Stein, Rick Stein Restaurants is a family-run business made up of restaurants across Cornwall, Marlborough, London, Winchester and Sandbanks as well as a number of self-catered properties and hotel accommodation in Padstow, Cornwall.
Catering for audiences nationwide, the Rick Stein online shop supplies Cornish fish, Stein’s at Home restaurant boxes as well as kitchenware, wine and homewares by Jill Stein.