Andy Hornby (born 21 January 1967) is an English businessman, currently chief executive of
The Restaurant Group
The Restaurant Group plc is a British chain of restaurants and public houses. It is listed on the London Stock Exchange.
History
The company was founded by Matthew Brown from Chatteris in 1987 as City Centre Restaurants plc with the objective of ...
, a British chain of restaurants and
public house
A pub (short for public house) is a kind of drinking establishment which is licensed to serve alcoholic drinks for consumption on the premises. The term ''public house'' first appeared in the United Kingdom in late 17th century, and was ...
s.
Biography
Hornby was born in
Scarborough, North Yorkshire
Scarborough () is a seaside town in the Borough of Scarborough in North Yorkshire, England. Scarborough is located on the North Sea coastline. Historic counties of England, Historically in the North Riding of Yorkshire, the town lies between 10 ...
, but brought up in
Bristol
Bristol () is a city, ceremonial county and unitary authority in England. Situated on the River Avon, it is bordered by the ceremonial counties of Gloucestershire to the north and Somerset to the south. Bristol is the most populous city in ...
, where his father was headteacher of
Clifton College Preparatory School.
Hornby is currently the chief executive of The Restaurant Group (TRG). Prior to joining TRG, Hornby was the co-chief operating officer at GVC Holdings. He had previously been the COO at Ladbrokes Coral, chief executive of Coral and the Chairman of Pharmacy2U. He had also served as Group chief executive of
Alliance Boots
Alliance Boots GmbH was a multinational pharmacy-led health and beauty group with corporate headquarters in Bern, Switzerland and operational headquarters in Nottingham and Weybridge, United Kingdom.
The company had a presence in over 27 countr ...
and Group chief executive of Halifax Bank of Scotland (HBOS). He has also held a range of roles at Asda, including Retail managing director and managing director of "George" clothing. He has a degree in English literature from
St Peter's College, Oxford
St Peter's College is one of the constituent colleges of the University of Oxford and is located in New Inn Hall Street, Oxford, United Kingdom. It occupies the site of two of the university's medieval halls, dating back to at least the 14th c ...
, and an MBA from
Harvard Business School
Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...
, where he graduated top of his class of 800 students.
Career
Hornby started his career with
Boston Consulting Group
Boston Consulting Group, Inc. (BCG) is an American global management consulting firm founded in 1963 and headquartered in Boston, Massachusetts. It is one of the Big Three (or MBB, the world’s three largest management consulting firms by rev ...
where he focused on retail, consumer goods and financial sectors. After graduating from Harvard, he joined
Blue Circle Industries
Blue Circle Industries was a British public company manufacturing cement. It was founded in 1900 as the Associated Portland Cement Manufacturers Ltd through the fusion of 24 cement works, mostly around on the Thames and Medway estuaries, toget ...
where he carried out a range of general management roles. After leaving Blue Circle, he joined
Asda
Asda Stores Ltd. () (often styled as ASDA) is a British supermarket chain. It is headquartered in Leeds, England. The company was founded in 1949 when the Asquith family merged their retail business with the Associated Dairies company of York ...
under CEO
Archie Norman
Archibald John Norman (born 1 May 1954) is a British businessman and politician. He is the only person to have been chairman of an FTSE 100 company and a Member of the House of Commons (MP) at the same time. From January 2010 to January 2016, N ...
, becoming Director of Corporate Development, Retail managing director, overseeing 36 stores and 14,000 employees; and then managing director of
George
George may refer to:
People
* George (given name)
* George (surname)
* George (singer), American-Canadian singer George Nozuka, known by the mononym George
* George Washington, First President of the United States
* George W. Bush, 43rd Presiden ...
whilst
Allan Leighton
Allan Leighton (born 12 April 1953) is a British businessman, chairman of The Co-operative Group since February 2015, former CEO of Asda, former chief executive of Pandora, and former non-executive chairman of the Royal Mail. He is also the co ...
was CEO. In 1999 he was promoted to the Asda Management Board at the age of 32.
In November 1999 Hornby joined
Halifax as chief executive of Retail and became chief executive of
HBOS
HBOS plc was a banking and insurance company in the United Kingdom, a wholly owned subsidiary of the Lloyds Banking Group, having been taken over in January 2009. It was the holding company for Bank of Scotland plc, which operated the Bank ...
Retail following the merger with
Bank of Scotland
The Bank of Scotland plc (Scottish Gaelic: ''Banca na h-Alba'') is a commercial and clearing bank based in Scotland and is part of the Lloyds Banking Group, following the Bank of Scotland's implosion in 2008. The bank was established by th ...
in 2001. In 2005 he was appointed chief operating officer of HBOS and he became Group chief executive in 2006, a position which he held until the takeover by Lloyds TSB Group. For five years Hornby was a non-executive director of Home Retail Group (& previously GUS Plc) where, until standing down in July 2009, he was also Chairman of the Remuneration Committee.
On 1 July 2009, Hornby became Group chief executive of
Alliance Boots
Alliance Boots GmbH was a multinational pharmacy-led health and beauty group with corporate headquarters in Bern, Switzerland and operational headquarters in Nottingham and Weybridge, United Kingdom.
The company had a presence in over 27 countr ...
, an international pharmacy-led health and beauty group with over 115,000 employees and a presence in over 20 countries worldwide.
On 25 March 2011, Hornby resigned as chief executive of Alliance Boots. On 18 July 2011, he commenced his role as chief executive of Coral, which consists of a Retail estate of 1,750 betting shops, as well as an interactive business offering betting via Internet, telephone and mobile.
[Media Centre](_blank)
. Gala Coral (18 July 2011). Hornby was CEO of Coral until 2016, when he became COO of Ladbrokes Coral, following the completion of the merger between Ladbrokes and Gala Coral.
In June 2012, Hornby was appointed chairman of Pharmacy2U, an internet and mail order pharmacy. Pharmacy2U said that Hornby would continue in his position at Coral alongside the Pharmacy2U role. The business added that he would work closely with the board and management team "to refine and develop the company’s strategy as it enters a period of ambitious growth".
''The Daily Telegraph''. Hornby left his role as Chairman of Phamacy2U in 2017 following the sale of the majority shareholding to new private equity investors.
On 5 April 2013, The Banking Standards Commission asked financial regulators to consider whether three former HBOS bankers, including Hornby, should be barred from future roles in the financial sector. It said former bosses Sir James Crosby and Andy Hornby were largely to blame for the collapse of HBOS, then the UK's fifth-biggest bank, in 2008; former chairman Lord Stevenson was also heavily criticised. The commission accused the trio of a "colossal failure" of management.
In 2018, Andy Hornby became joint COO of GVC Holdings, following the acquisition of Ladbrokes Coral by GVC.
Andy left GVC in July 2019 following his appointment at The Restaurant Group.
On 2 May 2019, Andy Hornby was appointed as the CEO of The Restaurant Group and was appointed to the Board with effect from 1 August 2019.
Timeline
Gala Coral
Andy Hornby joined Gala Coral Group on 18 July 2011 as chief executive of
Coral
Corals are marine invertebrates within the class Anthozoa of the phylum Cnidaria. They typically form compact colonies of many identical individual polyps. Coral species include the important reef builders that inhabit tropical oceans and sec ...
.
Alliance Boots
Hornby joined Alliance Boots on 1 July 2009
as Group chief executive. He worked in a collegiate manner under
Stefano Pessina
Stefano Pessina (born 4 June 1941) is an Italian-Monegasque billionaire businessman; he is the executive chairman and largest single shareholder of Walgreens Boots Alliance.
Early life
Pessina was born in Pescara and grew up between Milan, C ...
’s leadership with the other members of the Executive Committee:
Ornella Barra
Ornella Barra (born December 1953) is an Italian-born Monegasque businesswoman. A qualified pharmacist, she is chief operating officer, international of Walgreens Boots Alliance. She is married with the Italian billionaire Stefano Pessina.
Biogr ...
(chief executive, Pharmaceutical Wholesale Division, Alliance Boots),
Alex Gourlay
Alex is a given name. It can refer to a shortened version of Alexander, Alexandra, Alexis.
People
Multiple
*Alex Brown (disambiguation), multiple people
*Alex Gordon (disambiguation), multiple people
*Alex Harris (disambiguation), multiple peop ...
(chief executive, Health & Beauty Division, Alliance Boots),
George Fairweather
George may refer to:
People
* George (given name)
* George (surname)
* George (singer), American-Canadian singer George Nozuka, known by the mononym George
* George Washington, First President of the United States
* George W. Bush, 43rd Presiden ...
(Group Finance Director, Alliance Boots) and
Marco Pagni
Marco may refer to:
People
* Marco (given name), people with the given name Marco
* Marco (actor) (born 1977), South Korean model and actor
* Georg Marco (1863–1923), Romanian chess player of German origin
* Tomás Marco (born 1942), Spanish c ...
(Group Legal Counsel and Chief Administrative Officer, Alliance Boots). On 25 March 2011, Alliance Boots announced that Andy Hornby was stepping down from his position. After leaving, the company paid him an additional £450,000 to prevent him from joining a competitor.
HBOS
On 1 November 1999, he joined the
Halifax as chief executive of Halifax Retail. In September 2001, the bank merged with the
Bank of Scotland
The Bank of Scotland plc (Scottish Gaelic: ''Banca na h-Alba'') is a commercial and clearing bank based in Scotland and is part of the Lloyds Banking Group, following the Bank of Scotland's implosion in 2008. The bank was established by th ...
. He became chief executive of the Retail Division of
HBOS plc
HBOS plc was a banking and insurance company in the United Kingdom, a wholly owned subsidiary of the Lloyds Banking Group, having been taken over in January 2009. It was the holding company for Bank of Scotland plc, which operated the Bank ...
. He became chief operating officer (COO) in July 2005, then CEO in July 2006, taking over from
James Crosby. In September 2008 he was chief executive officer of HBOS when it was near to bankruptcy. The bank agreed to be taken over by rival
Lloyds TSB
Lloyds Bank plc is a British retail and commercial bank with branches across England and Wales. It has traditionally been considered one of the " Big Four" clearing banks. Lloyds Bank is the largest retail bank in Britain, and has an exten ...
. After the takeover, Lloyds Banking Group stated that HBOS had made a pre-tax loss of £10.8bn in 2008. Hornby was subsequently retained on a "consultancy" contract by Lloyds Banking Group On 10 February 2009, Hornby and former HBOS chairman,
Lord Stevenson of Coddenham came before the
Treasury Select Committee
The House of Commons Treasury Committee (often referred to as the Treasury Select Committee) is a select committee of the House of Commons in the Parliament of the United Kingdom. The remit of the committee is to examine the expenditure, administ ...
of the
House of fCommons where he was questioned by MPs who complained that he refused to take any personal responsibility for his role in Halifax's collapse in the
financial crisis
A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and man ...
.
Asda
Asda is a large British retail chain and a subsidiary of the American retail giant,
Wal-Mart
Walmart Inc. (; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores from the United States, headquarter ...
. Hornby worked for Asda from 1996–99. He joined Asda as the Director of Corporate Development and later became Retail managing director and subsequently managing director of George clothing. About his time at Asda, Hornby said he had a new job every 18 months, starting in investor relations, running the stores and being the managing director of George clothing.
Blue Circle Industries
Blue Circle Industries was founded in 1900 as Associated Portland Cement Manufacturers Ltd. The company was located on the Thames estuary near London. In 2001 Blue Circle was acquired by Lafarge, which became the world's largest cement manufacturer.
Boston Consulting Group
Hornby began his career at Boston Consulting Group.
Speaking engagements
On 18 May 2010 Hornby delivered the
British Retail Consortium
The British Retail Consortium (or BRC) is a trade association for retail businesses in the United Kingdom.
History
The British Retail Consortium was formed in January 1992 with the merger of the British Retailers' Association and the Retail ...
2010 Annual Retail Lecture entitled “Retailing…what’s changed with the credit crunch?”
In June of the same year he gave a presentation on “Managing a business after the credit crunch” as part of the
Manchester Business School
Alliance Manchester Business School (Alliance MBS) is the business school of the University of Manchester in Manchester, England. One of the most prestigious business schools in the United Kingdom, it is also the second oldest in the UK, and pro ...
's 2010 Vital Topics lecture series.
See also
*
James Crosby
*
2008 United Kingdom bank rescue package
In the period September 2007 to December 2009, during the events now widely known as the Global Financial Crisis, the UK government enacted a number of financial interventions in support of the UK banking sector and four UK banks in particular.
...
References
External links
Alliance Boots''The Guardian'' article, 29 April 2008''The Guardian'' article, 19 February 2005''Halifax Courier'', 14 October 2008
Video clips
Interviewed by
Robert Peston
Robert James Kenneth Peston (born 25 April 1960) is an English journalist, presenter, and author. He is the political editor of ITV News and host of the weekly political discussion show ''Peston'' (previously ''Peston on Sunday''). From 2006 u ...
in ''Leading Questions'', September 2008
Interviewed by Jeff Randall on Sky News 17 May 2010
Hornby interviewed by ''Chemist and Druggist''.
{{DEFAULTSORT:Hornby, Andy
1967 births
Living people
People from Scarborough, North Yorkshire
Businesspeople from Bristol
People educated at Clifton College
Alumni of St Peter's College, Oxford
Harvard Business School alumni
English chief executives
Boston Consulting Group people
Chief operating officers