Loungers appoints new CFO

Loungers has announced the appointment of Stephen Marshall to the role of chief financial officer and as a director of the hospitality operator, effective 23 April. 

The news comes as current CFO Gregor Grant will step down from the board in April. 

However, he will remain with the company to provide support and to assist with the handover of responsibilities to Marshall until 31 July. 

Marshall joins with extensive experience as a CFO and in all aspects of finance, IT, procurement and project management. 

Between July 2021 and November 2023, he was CFO of Pure Electric, a founder-led e-scooter company. Prior to that, he held the role of CFO at catering equipment supplier Nisbets from 2018. 

Marshall qualified as a chartered accountant with EY in 1995.

Alex Reilley, chairman of Loungers, said: “We are delighted to appoint Stephen to the Loungers team, and look forward to benefiting from his consumer sector and financial expertise.  

“Loungers continues to go from strength to strength and Stephen’s appointment will help us build on our market-leading position as we carry out our ambitious site roll-out plan.”

He added: “The board would again like to thank Gregor for his commitment and enormous contribution over his time at Loungers. Gregor will leave the company with our very best wishes for his future.” 

Marshall said: “I am hugely excited to be joining Loungers at this exciting point in its extraordinary story. It is a business with a clear strategy, enormous growth potential and an exceptionally strong team. I am looking forward to playing a part in its ongoing success.”