TRG announces directorate change

The Restaurant Group (TRG), owner and operator of brands including Wagamama and Frankie & Benny's, has today (8 September) announced that its chairman, Ken Hanna, will not seek re-election at the group's next AGM in 2024 for personal reasons. 

The board will now initiate a comprehensive search process to identify a new chairman and will update the market as and when appropriate. 

Hannah will remain with TRG as chairman until his successor is appointed to allow for an orderly handover. 

Commenting on the announcement, Hanna says: "It has been a privilege to work at TRG and I will be leaving the company in great shape with the business trading really strongly, outperforming the market and making good progress on its strategic options.

"I would like to thank the board and management team as well as our brilliant colleagues across the business for their great work and support during my time with TRG. I wish them and the group much continued success."

TRG reported strong interim results on 6 September, with group revenue up 10% and adjusted EBITDA up 15%, driven by Wagamama, pubs and concessions. The company also announced a moderate increase in management's FY23 adjusted EBITDA expectations and excellent early progress in executing its medium-term plan.

You may also be interested in…