Wednesday 1 May 2019 8:09 pm

Former Hbos chief executive set to take top job at The Restaurant Group

The former chief executive of Hbos is set to be appointed chief executive at Wagamama-owner The Restaurant Group.

Sky News reported that Andy Hornby had been given the job with his role expected to be announced as soon as tomorrow.

Read more: The Restaurant Group profits fall as like-for-like sales slip

Hornby has reportedly resigned from his position as joint chief operating officer of gambling firm GVC Holdings.

Hornby was boss of Britain’s biggest mortgage lender Hbos at the time of its takeover by Lloyds TSB in January 2009.

The merged entity was then bailed out by taxpayers with a £20bn payment. Hornby left at this point. 

Read more: The Restaurant Group shares fall as boss steps down

After Hornby left Hbos, he joined Alliance Boots, the owner of Boots The Chemist, which was then owned by private equity house KKR.

After two years he resigned to lead bookmaker Coral, which merged with Ladbrokes in 2016, before being acquired by GVC in 2018.

The Restaurant Group and GVC declined to comment.


 

Share


Tags: