Nightingale takes off with Monarch move

FRED Done’s finance director Barry Nightingale is leaving to join travel group Monarch in a similar role.

Luton-based Monarch Group has just undergone a major restructuring, with 700 redundancies, and been acquired by the London investment firm Greybull Capital.

The move is a return to the sector for Mr Nightingale who previously spent 10 years at Airtours where he held senior roles in finance.

He has been with £9bn turnover Betfred since 2008 and oversaw the group’s £265m acquisition of the Tote in 2011, and its subsequent integration.

Prior to joing Betfred he ran the second hand car business Carcraft and was chief financial officer at internet cafe brand easyEverything.

Mr Nightingale succeeds interim group chief financial officer Andrew Lavery. The airline operates from London Gatwick, Manchester, Birmingham, London Luton and Leeds-Bradford.

He said: “I have been extremely impressed by the restructuring the team at Monarch have undertaken in recent months. As a result, the business has a much stronger financial base and can build on its strong brand and heritage with consumers to compete as a scheduled European leisure carrier. I am looking forward to joining the business and being part of the exciting story that is unfolding at Monarch.”

Monarch chief executive Andrew Swaffield said: “I am delighted to appoint Barry as our new CFO and to welcome him to the Monarch Group. He brings a wealth of senior management and finance experience from a number of large consumer-facing businesses, which will be invaluable to us in on our exciting next phase under new ownership.

“On behalf of the board, I would like to thank Andrew Lavery for his contribution to the group as interim CFO during the restructuring and sale process and we wish him well for the future.”