TIDMMEX
RNS Number : 2031A
Tortilla Mexican Grill PLC
22 September 2022
22 September 2022
Tortilla Mexican Grill plc
("Tortilla" or the "Group")
Appointment of Non-Executive Director
Following its first successful year as a PLC, Tortilla, the
largest and most successful fast-casual Mexican restaurant group in
the UK, is pleased to announce two Board changes to support its
next chapter of growth.
1. The appointment of Francesca Tiritiello as a new independent
Non-Executive Director with effect from 20 September.
Francesca brings a wealth of business development, franchise,
finance and M&A experience and she has been involved in the
successful expansion of many branded businesses across the European
QSR market, across both advisory and senior finance positions.
Francesca is currently a Partner and Co-Founder of Kikkirossi, a
European boutique advisory firm specialising in international
franchise and brand development. Previously, she has held a number
of director and CFO roles in European hospitality businesses,
including eight years at Yum! Brands Inc., the owner and operator
of household names including KFC, Pizza Hut and Taco Bell, where
she held European CFO and Commercial Director positions.
Francesca will take over as Chair of the Remuneration Committee
from Laurence Keen.
2. The appointment of Laurence Keen as Senior Independent
Director (SID).
Laurence's skills as the CFO of Hollywood Bowl PLC have
transferred this year to make him a highly effective PLC
Non-Executive Board member for Tortilla and he will now take on
these SID responsibilities as well as continuing to Chair the Audit
Committee.
Emma Woods, Chair of Tortilla, commented:
"We are really delighted that Francesca will be joining the
Board of Tortilla. She brings huge insight in successfully
operating, developing and franchising restaurant brands across
markets, and I have no doubt that her experience will prove
invaluable during this period of exciting growth for Tortilla, both
in the UK and internationally as we look to expand in line with our
long-term growth strategy. I am also particularly pleased
to be able to strengthen the diversity of the Tortilla Board with such a talented woman."
Francesca Tiritiello, Non-Executive Director, added:
"I am very pleased to be joining the Board of Tortilla. The
Group has an outstanding brand, a strong proposition and a really
exciting opportunity to expand both across the UK and
internationally.
I look forward to working alongside the senior team and
contributing my experience and insight to support the business in
achieving its significant growth potential."
The following additional information is provided in accordance
with Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for
Companies.
Francesca Tiritiello's (aged 49) directorships in the last five
years are as follows:
Current directorships and partnerships:
Kikkirossi Sàrl
AC-Koncept Sàrl
Koccamia Sàrl
Past directorships and partnerships held within the last 5
years:
IT-Koncept SA
Business-Koncept Sàrl
HR-Koncept Sàrl
Ms. Tiritiello does not currently own any securities in the
Company.
There are no further disclosures required in accordance with
Rule 17 or Schedule 2(g) of the AIM Rules for Companies.
ENQUIRIES
Tortilla Mexican Grill PLC Via Hudson Sandler
Emma Woods, Non-Executive Chair
Richard Morris, CEO
Andy Naylor, CFO
Liberum Capital Limited (Nominated Adviser, Tel: 020 3100 2222
Sole Broker)
Andrew Godber
Edward Thomas
Nikhil Varghese
Hudson Sandler (Public Relations) Tel: 020 7796 4133
Wendy Baker tortilla@hudsonsandler.com
Lucy Wollam
Charlotte Cobb
For further information , visit tortillagroup.co.uk
About Tortilla Mexican Grill plc
Tortilla is the largest and most successful fast-casual Mexican
restaurant group in the UK specialising in the sale of freshly made
Californian-inspired Mexican cuisine. The Group had 84 sites
worldwide as of 3 July 2022, comprising 68 sites in the UK operated
by the Group, four sites franchised to SSP Group in the UK, four
sites franchised to Compass Group UK & Ireland and eight
franchised sites in the Middle East.
The Group was founded in 2007 by Brandon Stephens, originally
from California who, upon his arrival in London in 2003, found it
difficult to satisfy his desire for quality burritos and tacos. As
a result, Brandon established Tortilla with a mission of offering
customers freshly prepared, customisable, and authentic
Californian-inspired Mexican food.
The brand is synonymous with an energetic, vibrant culture, and
with providing a great value-for-money proposition. It embraces
fast-growing sector trends (including eating out, healthy eating,
provenance, ethnic cuisine, delivery) across a variety of
locations, through a differentiated product offering which is
popular with a broad customer base, and a clearly defined
multi-channel marketing strategy. It benefits from flexible site
locations and formats, and a scalable central infrastructure.
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END
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