Restaurant Group plc (RTN.L), an operator of restaurants and pub restaurants in the United Kingdom, Tuesday said that its Chief Executive Officer Andrew Page will retire in August. The company is on the look out for his replacement. Following his retirement, Page has agreed to remain as Adviser to the Chairman.
Chairman of the company, Alan Jackson, said, "Both the Board and I personally would like to express our heartfelt thanks and congratulations to Andrew on the immense success he has achieved at TRG during his 12 year tenure. In that time the Company has come from having a market capitalisation of £75 million to be valued now at over £1.2 billion!"
Monday, the stock closed at 625 pounds on the London Stock Exchange.
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