Mike O’Mahoney has stepped down as chief financial officer of Giggling Squid, the Business Growth Fund-backed, Thai restaurant chain, MCA understands.

O’Mahoney joined the 20-strong group permanently at the start of last year and a period in an interim role.

His departure from Giggling Squid, which is currently in talks on an opening Chichester, is believed to have been amicable and a search for his successor is understood to be underway.

Previous to joining Giggling Squid. O’Mahoney was at The Hotel Collection where as chief financial officer he oversaw a change of strategy and major brand restructuring of Amaris Hotels Group.

Prior to that he worked for seven years as chief financial officer at De Vere Venues, culminating in a successful sale to Starwood Capital for £320m, and as finance director at Thistle Hotels and Little Chef Before that.

Giggling Squid recently strengthened its openings pipeline by securing a site in Cheltenham for an opening earlier next year.

The 20-strong group, which will make its debut in London, in Wimbledon, this summer, has secured the former Strada unit in the town’s Montpellier district.

The group has also lined up openings on the former Bella Italia in Windsor and the Caffe Uno in Brentwood for later this year.