Carluccio's chief financial officer steps down
Frank Bandura, chief financial officer of restaurant chain Carluccio's, is to step down after 17 years in the role.
Bandura was part of the Carluccio's start-up team in 1999 and has guided the company from its inception to its flotation on the AIM market in 2005 and then back to the private market in 2010 when the business was sold to Landmark.
He led finance, logistics, supply chain and IT functions for the group which now trades from over 100 sites in seven countries.
Bandura said: "It's been a real privilege to be an integral part of the Carluccio's growth story from small start-up to multinational business, but after all this time it really is right for me to move on and let a new team take it forward".
Bandura will leave his role on 5 September when his successor Jonathan Blanchard takes over.
Blanchard comes from cycle retailer Evans where he was chief financial officer. He has also worked as chief financial officer at handbag and accessory retailer, Radley + Co, and group finance director at Eagle Rock Entertainment Group.
Most recently, Blanchard completed the high profile sale of Evans Cycles to ECI on behalf of Active Private Equity.
Neil Wickers, CEO, Carluccio's said: "Frank has been a key member of the management team and has helped to make Carluccio's the success story it is today. I wish him the very best for the future. I'd also like to take this opportunity to welcome Jonathan to the team. I am confident that he will help drive the business forward as it enters the next stage of its development."
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