Soho House & Co appoints Neil Thomson as new CFO

LONDON - Soho House & Co Inc. (NYSE:SHCO) announced Monday the appointment of Neil Thomson as its new Chief Financial Officer, effective immediately. Thomson succeeds Thomas Allen, who will remain with the company through August 29, 2025, to facilitate a smooth transition.

Thomson brings 30 years of hospitality industry experience to the role. He most recently served as CFO of Tasty Restaurant Group, a private equity-backed U.S. franchisee of quick service restaurants. His previous positions include CFO of Del Frisco’s and various senior management roles during a 15-year tenure at Yum! Brands, including CFO of India, Chief Development Officer of Pizza Hut International, and Chief Growth Officer of Pizza Hut Asia. He joins at a time when Soho House demonstrates robust financial metrics, with revenue growing nearly 15% over the last twelve months to $5.8 billion and a healthy free cash flow yield of 20%.

"I am thrilled to be joining Soho House & Co at such an exciting time with the opportunity to further scale a unique global brand with its strong base of members and distinctive membership offerings," Thomson said in the press release.

Andrew Carnie, Chief Executive Officer of Soho House & Co, highlighted Thomson’s "deep operational knowledge in hospitality, alongside financial expertise" as valuable assets for the company’s continued scaling efforts.

Carnie also thanked outgoing CFO Allen for his contributions during his three-year tenure, noting his "exceptional strategic insight and financial discipline" as the company navigated public markets.

Allen expressed pride in the company’s accomplishments during his time as CFO, citing growth in membership and operational improvements to drive profitability.

Thomson, a Chartered Accountant who began his career at KPMG London, will be based at the company’s London headquarters.

In other recent news, Mobico Group PLC has completed the sale of its School Bus business, bringing in net upfront proceeds of $364 million. This amount was at the lower end of the previously expected range of $365-385 million. Despite the lower proceeds, Mobico anticipates its fiscal year 2025 covenant leverage to improve to approximately 2.5 times covenant net debt to EBITDA, down from about 2.8 times in fiscal year 2024. In related developments, Moody’s Ratings downgraded Mobico’s long-term corporate family rating to B2 from Ba2, citing weak debt metrics and a negative outlook. The downgrade follows Mobico’s announcement of the School Bus operations sale and reflects expectations of slower debt reduction. Additionally, Fitch Ratings has lowered Mobico’s Long-Term Issuer Default Rating from ’BBB-’ to ’BB+’ and placed the company on Rating Watch Negative. This action reflects Mobico’s weaker business profile after the School Bus operations disposal and a concentration of earnings in Spain. Fitch’s EBITDAR forecasts for 2025-2027 remain flat, mainly due to slower progress in the UK and German rail sectors.

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