Loungers promotes current finance director Nick Collins to chief operating officer

By Mark Wingett

- Last updated on GMT

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Reilly said he is "perfect fit"
Reilly said he is "perfect fit"
Loungers, the Piper-backed cafe bar operator, has promoted current finance director Nick Collins to chief operating officer (COO) to support its push through the 50-site barrier and beyond to its 2017 target of 90 sites.

Collins, who became Loungers’ first finance director when he joined the 41-strong group in January 2012, will become the group’s first COO, although he will not start his new role until a replacement finance director has been appointed.

Previous to joining Loungers, Collins had been the finance director at Capital Pub Company, up to the point it was sold to Greene King in 2011, and prior to that he had been co-founder and managing director of gourmet sandwich chain Fuzzy’s Grub.

Loungers managing director Alex Reilley said: “Since joining Loungers Nick has completely immersed himself in every aspect of the business and has proven himself to be so much more than just an excellent finance director.

"He’s extremely well-liked and immensely respected within the organisation and he totally ‘gets’ the culture of the business and what we want to achieve and he now has an even more significant role to play in helping the business reach its goals. His entrepreneurial background coupled with his financial understanding of Loungers makes him the perfect fit for the COO role and the board is delighted that he’s making the step up.”

Collins said: “During my first two years at Loungers the business has enjoyed some pretty phenomenal growth as we’ve taken the business from 20 to 41 units. In the role of COO I’m very much looking forward to having a greater role to play within ‘Team

Loungers’ as we seek to double in size again over the next two to three years.”

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