Co-chief operating officer Andy Hornby has left GVC Holdings to join Restaurant Group, owner of chains including Frankie and Benny’s, Chiquito and Wagamama.
The former HBOS chief executive joined GVC in 2011 and has also worked as CEO of Coral and COO of Ladbrokes Coral. GVC said in a statement that Hornby led the Ladbrokes Coral retail and digital businesses to “outperform the market and leaves them in a stronger position overseen by a talented management team”.
GVC’s CEO Kenneth Alexander said: "Over the last eight years Andy has been instrumental in the turnaround and growth of the Ladbrokes Coral businesses.
“The business has genuinely been transformed under Andy and I have really enjoyed working with him, and would like to thank him for his valuable contribution to the Group. We congratulate Andy on his new role and wish him well for the future."
Hornby, who has also worked as CEO of Alliance Boots and retail managing director at Asda, said of his new role: “"I am delighted to be joining The Restaurant Group as CEO at such an exciting time. This is a great business, with strong brands, committed colleagues and tremendous potential to grow.
“I recognise that this sector of the market faces considerable challenges, but The Restaurant Group has a set of casual dining and pub brands that offer significant potential. I'm excited to have the opportunity to lead the team and look forward to getting out and meeting colleagues when I join."
