Tim Bartram has stepped down as chief financial officer/chief operating officer of POD, the healthy fast food and coffee shop operator, MCA has learnt.
Bartram joined the 24-strong, London-based group at the start of 2013 as finance director before stepping up to CFO/COO in May last year. He was previously director of finance at Morrison Facilities Services.
MCA understands that his departure is part of a restructure of POD’s head office team, with executive chairman John Postlethwaite currently overseeing the business.
The company returned to the expansion trail last summer with an opening in Kingsway and followed that by opening its first West End site, which trades all-day and seven-days a week, in Seven Dials.
Postlethwaite told MCA at the time: “By moving West and having an evening offering, by trading at weekends and by building a delivery offering, we are starting to take some of the pressure off ourselves. By being so City-centric business it left us very reliant on what happened at breakfast and lunch. I think we are de-risking the business in many ways. We have a good brand but we will make it stronger over the next two years.
“Trading has been really good, we are looking at substantial growth in our EBITDA again this year. We have got two or three areas of our business doing really well, yes lunch is a bit slower, then again everyone is saying that lunch is a bit sticky at the moment.”
Postlethwaite said he didn’t want to put a number on how many sites “we will look to open but we are going to carry on opening sites now”.