Oakman Group appoints new CFO
Formerly CFO of City Pub Group (CPG), Williams managed CGP’s listing on the AIM market through IPO and helped guide the company through the pandemic, reducing cash burn, strengthening balance sheets and securing refinancing options.
Williams said: "I am delighted to be joining Peter and the team at the Oakman Group and look forward to continuing their great work in building a first-class estate of inns and restaurants across England.
Navigate current challenges
“The Group is well positioned to navigate the current challenges facing the hospitality industry and to take advantage of opportunities as the trading environment continues to improve."
Prior to working for CPG, Williams was a Fullers Inns Retail Board member, managing financial oversight of the entire retail operation.
More recently, he has been acting as Interim CFO for Cirrus Inns to oversee their merger with Liberation Group, creating an estate of 79 managed pubs.
This comes as the group earlier this month welcomed Peter Borg-Neal back as CEO following a board reshuffle.
Excellent track record
Additionally, the reshuffle also saw long-time non-executive director and shareholder John Leslie appointed as non-executive chairman while the pubco’s head of HR, Jill Scatchard, joined the board as HR director.
Borg-Neal said: "I am very pleased Tarquin has joined us as CFO. He inherits a post which is responsible for a turnover of approximately £72m from an operational estate of 40 pubs with a great reputation on so many fronts.
“Tarquin has an excellent track record in our sector, having cut his teeth with Fullers before leading the successful City Pub Group IPO.
“His appointment reflects our bold business ambition, and I look forward to working with him in the coming years."
