The Oakman Group has announced a board restructure following the departure of FD Koula Achillea, who is pursuing new career opportunities.

Peter Borg-Neal will return to the position of chief executive officer, with the leadership team reporting directly to him.

Dermot King will take charge of the finance team on an interim basis and will take on the critical responsibility of focusing on Oakman’s strategic direction.

Long-time non-executive director and shareholder, John Leslie, becomes non-executive Chairman.

The current head of HR, Jill Scatchard, joins the board as HR Director.

Meanwhile, the group confirmed it had raised £5.3m from existing shareholders.

Peter Borg-Neal said: “I want to thank Koula for her support and enormous contribution during her time with us, and we wish her well in her future ventures.”

“This is a critical time for the hospitality industry with a range of unique challenges never experienced simultaneously across so many areas. We must be agile and respond quickly to the extraneous pressures of supply, employment, energy, costs, taxation, environment and politics. I am confident that we have a team capable of meeting this myriad of challenges.”

On Scatchard’s appointment to the board, he said: “Jill has been instrumental in making Oakman a first-class employer. Attracting, retaining and developing great people is more important than ever and it is entirely appropriate that Jill has a seat on the board.”

Oakman Group has recently been raising equity, with Borg-Neal adding: “I am delighted to announce that we have raised the maximum £5.3m from our existing shareholders. I am both flattered and delighted by the support we have received. This funding leaves us well placed to navigate the near term challenges and enables us to look forward to prospering further as the trading environment improves.”