The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRTN.L Share News (RTN)

  • There is currently no data for RTN

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

CEO of Restaurant Group's Wagamama to leave in June; Heier promoted

Mon, 19th Apr 2021 10:19

(Alliance News) - The boss of noodle and katsu chain Wagamama has revealed plans to leave after nearly three years in the role and hand over the reins to an internal successor.

Emma Woods will step down as chief executive officer on June 1 – following the UK government's planned reopening of restaurants across the UK on May 17 – to focus on her career as a non-executive director on company boards.

Woods will be replaced by Wagamama's chief experience officer, Thomas Heier, but she will stay on as an adviser as the inaugural member of the group's new brand board.

Woods said: "It has been an honour to lead the Wagamama business through the last tumultuous years but, as the business emerges from the pandemic and starts an exciting new chapter, it feels the right time to hand on the chopsticks to someone I know loves the brand as much as I do."

Heier has been with the company since 2017, first as people director before heading up the US arm in 2018 and then being promoted to his current role last year, heading up marketing, insight and customer experience operations.

The moves comes as Woods is set to take on extra responsibilities in May as senior independent director and chairwoman of the remuneration committee at fitness chain The Gym Group, where she has been a non-executive director since 2016.

Formerly chief growth officer, Woods was promoted to the top job at Wagamama in 2018 at the time of its acquisition by Restaurant Group PLC.

She has helped the Asian restaurant chain weather the pandemic so far, with only a handful of sites closing permanently, unlike a number of rivals.

Woods told the PA news agency earlier this year that the group may also seek to take advantage of lower rents across the country by potentially opening new sites.

Andy Hornby, chief executive of Wagamama owner TRG, said: "The excellent performance of Wagamama under Emma's leadership speaks for itself.

"Over the last three years Wagamama has constantly outperformed the market, improved our customer perception scores and shown continual innovation especially around food quality."

He added: "Thomas has played a pivotal role in the success of Wagamama as part of Emma's team and is extremely well qualified to take us forwards."

Before joining Wagamama, Heier was head of human resources for budget hotel chain Travelodge and P&O Cruises firm Carnival UK.

Wagamama – which was founded in London's Bloomsbury in 1992 – has around 150 restaurants across the UK.

By Holly Williams, PA Deputy City Editor

source: PA

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
23 Jan 2024 12:37

UK Chancellor Hunt meets top UK bank heads over plans to boost City

(Alliance News) - Jeremy Hunt has met the UK's biggest banks as part of efforts among the government to boost interest in the City.

Read more
21 Dec 2023 10:14

IN BRIEF: Restaurant Group takeover by Apollo funds now complete

Restaurant Group PLC - London-based restaurant operator, including Wagamama chain - Takeover by Rock Bidco Ltd, a special purpose vehicle owned by funds managed by Apollo Global Management Inc affiliates, becomes effective after scheme of arrangement is sanctioned on Wednesday. The 65 pence per share offer from New York-based asset manager Apollo valued Restaurant Group at GBP701 million. Shares are suspended from trading in London from Thursday morning, cancellation is expected to take effect from the market open on Friday. Restaurant Group board members step down, effective immediately, including Chair Ken Hanna. Chief Executive Officer Andy Hornby and Chief Financial Officer Mark Chambers will retain their positions.

Read more
20 Dec 2023 15:00

IN BRIEF: Restaurant Group takeover by Apollo to complete on Thursday

Restaurant Group PLC - London-based restaurant operator, including Wagamama noodle shop chain - Court in Edinburgh sanctions scheme of arrangement for Restaurant Group's acquisition by Rock Bidco Ltd, a special purpose vehicle of funds managed by Apollo Global Management Inc. The effective date of the scheme is expected to be on Thursday. Apollo is a New York-based alternative asset manager. Its offer of 65 pence per Restaurant Group share in cash back in October valued the equity of Restaurant Group at GBP506 million and the company as a whole, including debt, at an enterprise value of GBP701 million. Some London analysts considered the bid too low, and Wheel Topco Ltd, the owner of PizzaExpress Group Ltd, considered a rival bid before backing off in November.

Read more
27 Nov 2023 20:02

TRADING UPDATES: Live Co to cut jobs; SDX Energy in strategy shift

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
7 Nov 2023 12:13

IN BRIEF: Pizza Express owner ditches Restaurant Group offer plans

Restaurant Group PLC - London-based restaurant chain operator, owner of Wagamama and Frankie & Benny's - Wheel Topco Ltd, owner of PizzaExpress Group Ltd, confirms that it will not make an offer for Restaurant Group "due to market conditions". Wheel Topco agreed in October to a takeover by New York-based Apollo Global Management for just over GBP500 million in cash, or 65 pence per TRG share. In late October it confirmed that Wheelco was considering making a rival offer and had sent a diligence request, in response to a Sky News report which claimed other potential counter-bidders were also considering offers.

Read more
7 Nov 2023 07:58

Pizza Express owner not planning to make offer for Restaurant Group

(Sharecast News) - The owner of Pizza Express cited "market conditions" on Tuesday as it confirmed that it does not intend to make an offer for The Restaurant Group.

Read more
26 Oct 2023 17:00

LONDON MARKET CLOSE: Stocks firmly in red on ECB's Lagarde comments

(Alliance News) - Stock prices in London closed down on Thursday as investors reacted negatively to the European Central Bank's warning that it would be "totally premature" to discuss interest rate cuts.

Read more
26 Oct 2023 12:29

Pizza Express eyes up potential takeover of Restaurant Group

(Alliance News) - Restaurant Group PLC on Thursday confirmed that the Pizza Express owner has taken interest in a takeover of the company.

Read more
26 Oct 2023 12:08

LONDON MARKET MIDDAY: Stocks down ahead of US data and ECB decision

(Alliance News) - Stock prices in London were lower at midday Thursday, ahead of key data from the US, and a European Central Bank interest rate decision.

Read more
26 Oct 2023 10:04

SMALL-CAP WINNERS & LOSERS: Pizza Express owner eyes Restaurant Group

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

Read more
26 Oct 2023 07:51

LONDON BRIEFING: PizzaExpress owner makes play for Restaurant Group

(Alliance News) - The FTSE 100 is set to open lower on Thursday, as investors nervously look ahead to a key interest rate decision from the European Central Bank, and US economic growth data.

Read more
26 Oct 2023 07:23

Pizza Express owner considering bid for Restaurant Group

(Sharecast News) - The Restaurant Group confirmed on Thursday that Wheel Topco, the owner of Pizza Express, is considering making a bid for the company.

Read more
25 Oct 2023 20:57

PRESS: Pizza Express mulls dishing up rival bid for Restaurant Group

(Alliance News) - Pizza Express is potentially considering a surprise move to gatecrash a takeover of Restaurant Group PLC, the owner of Wagamama.

Read more
17 Oct 2023 09:21

LONDON BROKER RATINGS: SocGen cuts HSBC to sell; DB down on utilities

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
17 Oct 2023 07:47

LONDON BRIEFING: Rolls-Royce confirms plan to axe at least 2,000 jobs

(Alliance News) - Stocks in London are called lower on Tuesday, as uncertainty over developments in the Middle East weighs on sentiment.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.