Patisserie Holdings loses another non-exec director

Financial expert Lee Ginsberg has resigned as non-executive director and deputy chairman at Patisserie Holdings.

It comes just days after hospitality industry expert James Horler quit his non-executive role at the company to focus on his role as CEO at another business.

Ginsberg is leaving the position with immediate effect, said Patisserie Holdings, “in order to focus on his other commitments”. He is currently non-executive director at travel company On The Beach, which he joined in September 2015, as well as non-executive director and chairman of the Audit and Risk Committee at Trinity Mirror plc.

A chartered accountant, Ginsberg previously held the role of chief financial officer at Domino’s Pizza Group, joining in 2004 and retiring in 2014.

Patisserie Holdings has faced a turbulent few months, nearly collapsing last autumn after a £20m black hole was discovered in its finances. The business was rescued through a share offer and loans from chairman Luke Johnson.

Since then, a number of appointments have been made. Stephen Francis, former CEO of pork producer Tulip, took over as chief executive after Paul May stepped down. Former Starbucks boss Rhys Iley also joined the firm as commercial director, while Nick Perrin, formerly at AIM-listed veterinary services provider CVS, has been appointed interim chief financial officer.

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