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Peter Borg-Neal, who was the founder of The Oakman Group, has decided to return as CEO following the departure of finance director Koula Achillea.
The Oakman Group has also confirmed a restructuring of the board and internal promotions.
Long-time non-executive director and shareholder, John Leslie, will now take on the role of a non-executive chairman.
Meanwhile, Dermot King will take charge of the finance team on an interim basis and is responsible for focusing on Oakman’s strategic direction.
Lastly, Jill Scatchard who is the current head of HR, will be joining the board as HR director.
Peter Borg-Neal said: “I want to thank Koula for her support and enormous contribution during her time with us, and we wish her well in her future ventures.”
“This is a critical time for the hospitality industry with a range of unique challenges never experienced simultaneously across so many areas. We must be agile and respond quickly to the extraneous pressures of supply, employment, energy, costs, taxation, environment and politics. I am confident that we have a team capable of meeting this myriad of challenges.”
He added: “Jill has been instrumental in making Oakman a first-class employer. Attracting, retaining and developing great people is more important than ever and it is entirely appropriate that Jill has a seat on the Board.”
Oakman Group has also recently raised £5.3m from existing shareholders, to which
Borg-Neal concluded: “I am delighted to announce that we have raised the maximum £5.3m from our existing shareholders. I am both flattered and delighted by the support we have received.
“This funding leaves us well placed to navigate the near term challenges and enables us to look forward to prospering further as the trading environment improves.”
