Andy McCue, CEO at The Restaurant Group, is set to leave the company due to “extenuating personal” circumstances.
The board has thanked McCue for his “significant” contribution to the business and in particular for leading its transition into higher growth areas, including the recent acquisition of Wagamama.
Mr McCue said: “In recent years, we have achieved much in a challenging market. I’m confident The Restaurant Group is well positioned with the scale, talent and levers to drive profitable growth.
“While I recognise that this decision is untimely, it is the right one for me and my family. We have a strong team in the business and a clear plan which we are focused on delivering.”
The company has said that there will be an announcement regarding his successor in due course and that McCue’s service agreement contains a 12-month notice period.
Debbie Hewitt, chairman of the board at The Restaurant Group, said: “Andy has brought a strong vision, developed a first-class team and laid the foundation of the company’s transformation.
“Whilst we are clearly disappointed that he will not be able to provide the long-term leadership for the business, we understand and respect the decision he has made purely on personal grounds.”
The Restaurant Group will continue to trade as usual and TRG will announce its Preliminary results on March 15.
The Restaurant Group operates over 650 restaurants and pub restaurants throughout the UK. Its principal trading brands are Frankie & Benny’s, Wagamama, Chiquito and Brunning and Price.