22 Oct 2018 07:00
22 October 2018
Ten Entertainment Group PLC
Appointment of Chief Executive Officer
Ten Entertainment Group plc ('TEG', the 'Company' or the 'Group'), one of the UK's leading family entertainment companies, today announces the appointment of Dr Duncan Garrood as Chief Executive Officer, succeeding Alan Hand. As previously announced in June, Alan will be leaving the Group on 14 December 2018. Duncan will join the Group as CEO designate with effect from 19 November 2018 and will take up the role as CEO and join the Board with effect from 15 December 2018.
Duncan has significant expertise in the consumer and leisure sectors with a career spanning 35 years. He has Board level experience of private and public businesses, and until recently held the position of CEO of Bill's Restaurants, overseeing 80 sites and 3,000 employees. Prior to joining Bill's Restaurants, Duncan was CEO at Punch Taverns Limited (formerly Punch Taverns plc), the UK's second largest pub company with over 3,500 pubs.
In addition, Duncan served on the Board as President of M.H Alshaya where he was responsible for the Group's food division, and before that was Regional Vice President of SC Johnson. He began his career at Unilever PLC, serving for over 20 years in a variety of management positions in the UK and latterly Shanghai, China.
Duncan holds a PhD in Biochemistry from Imperial College, London.
Nick Basing, Chairman, commented:
"We ran a deep and wide-ranging search process and we are delighted to appoint Duncan as the new Chief Executive.
"Duncan was the stand out candidate.
"We sensed his significant enthusiasm for the opportunities in the business. But he also has a strong track-record that clearly demonstrates his ability to grow businesses and build brands, operating in consumer facing markets."
Duncan Garrood, commented:
"TEG is a family-oriented business in the exciting and growing area of experiential leisure. I am pleased to be joining a business with a proven model and in a robust, growing market. I look forward to working with the Board and the team to develop this business further."
There is no further information in relation to Dr Duncan Garrood that is required to be disclosed under Listing Rule 9.6.13.
Enquiries:
Ten Entertainment Group plc via Instinctif partners
Alan Hand Chief Executive Officer
Mark Willis Chief Financial Officer
Instinctif Partners Tel: 020 7457 2020
Matthew Smallwood
Tom Berger