Restaurant Group trading in line as it confirms CEO handover plans

Casual dining operator The Restaurant Group confirmed on Thursday that, following the appointment of Andy Hornby as its new chief executive officer on 2 May, he would join the business as CEO and be appointed to the board with effect from 1 August.

The FTSE 250 company said Andy McCue would step down as current CEO and from the board with effect from 30 June, and would remain accessible to Andy Hornby and the broader executive team for a short period of handover.

“In the period following Andy McCue's departure at the end of June and prior to Andy Hornby joining as CEO at the beginning of August, the business will be led by Debbie Hewitt, chairman, supported by Kirk Davis, CFO, and the broader executive team,” the Restaurant Group board said in its statement.

“Current trading remains in line with our expectations,” it added.