Pizza Express has announced that Allan Leighton and David Campbell have been appointed as chairman and group chief executive.\r\n\r\nAlong with the appointments, Pizza Express revealed the completion of its recapitalisation, giving the company a \u201cstrong balance sheet and significant funds to invest in growth in the years ahead\u201d.\r\n\r\nThe company\u2019s new capital structure sees total debt reduced by over \u00a3400m, from \u00a3735m to \u00a3319m, and includes the immediate injection of \u00a340m of new capital. In addition, the business has a further \u00a390m of funds available from the new owners.\r\n\r\nLeighton, the new chairman, said: \u201cThis is a unique opportunity in casual dining. With a significant recapitalisation of the company, and substantial further funds committed, we look to building on our position as a leader in the casual dining market, once Covid restrictions are eased. There is a great future for Pizza Express delivering great pizza and a brilliant customer experience.\u201d\r\n\r\nDavid Campbell, the new group chief executive, said: \u201cPizza Express is an iconic brand, which has enjoyed much success over its 55-year history. The chance to steer the company to even greater heights in the years ahead is an honour.\r\n\r\n\u201cFirst, I want to acknowledge the outstanding work of Zoe Bowley, the leadership team, all Pizza Express colleagues, and the support of business partners, during these extremely challenging times. I am very much looking forward to working with the team, and with the backing of a strong balance sheet, on some exciting times ahead.\u201d\r\n\r\nThe firm also announced that Zoe Bowley, MD of Pizza Express UK and Ireland, will be joining the main board, alongside group CFO, Andy Pellington.