Graphite Capital-backed pub restaurant group The New World Trading Company (NWTC) has consolidated its management team, which has led to the departures of people director Karl Jolly and property director Tim McCormac, Propel has learned.
Jolly joined NWTC at the start of 2023 after a brief stint as people director at catering equipment supplier Nisbets. He previously spent more than three years as chief people officer at Sticks‘n’Sushi, the Japanese restaurant brand. Jolly, who has also had stints at Mitchells & Butlers and Pret A Manger, spent almost 13 years as director of people at motorway services operator Welcome Break.
It is thought that his responsibilities will now come under the remit of NWTC’s managing director, Amber Wood. McCormac has been with the business as its property director since the summer of 2016. Last October, Propel revealed NWTC intended to restructure its business to focus on its large Botanist-branded sites. As part of the restructuring, NWTC launched a company voluntary arrangement, which saw the closure of three loss-making sites. The company operates 27 sites across the UK. NWTC recently converted The Furnace in Sheffield to The Botanist, and a new The Botanist will open in Bournemouth in May, while NWTC has also lined up an opening in Lichfield.
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