Prezzo is seeking a new chief executive as co-founder Jonathan Kaye moves to a non-executive role following the company's £304m acquisition at the start of the year.
Texas private equity firm TPG Capital, which bought the restaurant chain in January, has appointed one of its operating partners, Dirk Eller, as interim chief executive, The Times reported today.
Meanwhile Kaye has moved to a role looking at "strategic opportunities". He founded the company with his family 14 years ago and together they pocketed £173m for their combined 57% stake in the business.
The number of restaurants in the group has increased from 249 to 260 since the deal was struck, with most operating under the Prezzo brand as well as Mexican chain Chimichanga.