The Company is managed in the UK by its Board of Directors (‘The Board’), comprising a Non Executive Chairman, three Executive Directors and four Non Executive Directors from Blackstone. The Board is the company’s decision making body. Day to day operations of Tragus’ business are the responsibility of the Management Board which is made up of the three Executive Directors and two members of Senior Management.

Giles Thorley - Non Executive Chairman

Giles was appointed Non Executive Chairman in October 2006. He has been the Chief Executive of Punch since 2003. After qualifying as a Barrister, his early career was at Nomura International plc. He successfully led the IPO of Punch in May 2002 and has seen the business through subsequent acquisitions including Pubmaster in 2003 and Spirit Group in 2006. Giles is also a Non Executive Director of Tui Travel Plc and a trustee of the Rona Trust.

Graham Turner - Chief Executive Officer

Graham became CEO in Jan 2005. He was previously the Managing Director of the Unique Pub Company with some 4,000 leased pubs in the UK. Graham was part of the initial management team that grew the business through acquisitions and operational improvements. The Unique Pub Company is now owned by Enterprise Inns, one of the UK’s largest pub landlords. Graham is the Non Executive Chairman of the National Restaurants Group, a part of the British Hospitality Association, and is also the Non Executive Chairman of the Liberation Group Limited, a pub and drinks distribution business based in the Channel Islands.

Mohan Mansigani - Chief Financial Officer

Mohan has previously been Finance Director of Costa Coffee and TGI Friday’s where he was part of teams that grew these businesses substantially, implementing strong systems and management controls. Prior to this he held senior roles in Pizza Hut (UK) Ltd and Grand Met Foods. A Chartered Accountant, qualified with Deloitte Touche London, Mohan joined Tragus as part of the buyout from Whitbread in 2002.

James Parsons - Chief Operating Officer

James began his career as a graduate trainee with Bass Taverns – now trading as Mitchells & Butler PLC – and followed this with five years as an area sales manager for the business. In 1988 he joined BrightReasons Restaurants Ltd as an Area Manager, firstly for Pizzaland and later for Bella Italia. In 1998 he joined Pizza Express plc as Regional Director for London and in 2000 took up the position of Managing Director. James left Pizza Express in 2002 and joined Tragus shortly afterwards.

Joseph Baratta - Non Executive Director

Joseph is a Senior Managing Director in the Corporate Private Equity group of Blackstone and is based in London. Since joining Blackstone in 1998, Joseph has been involved in the execution of Blackstone’s investments in LiveWire, Republic Technologies International, Universal Orlando, Houghton Mifflin, Merlin Entertainments Group / Legoland, Nycomed Pharmaceuticals, Spirit Group, Southern Cross, NHP, and Center Parcs Before joining Blackstone, Joseph was with Tinicum Incorporated, and McCown De Leeuw & Company. He also worked at Morgan Stanley in its Mergers & Acquisitions Department. Joseph graduated magna cum laude from Georgetown University. Joseph serves as a Director of Merlin Entertainments Group and Center Parcs Plc.

Raphael de Botton - Non Executive Director

Raphael is an Associate in the Corporate Private Equity Group of Blackstone, based in London. Before joining Blackstone in 2006, Raphael was with Lazard in the Mergers and Acquisition division, in New York. Raphael graduated from ESSEC Business School with a Master’s degree in finance, and from the French National Institute of Telecommunications with a Masters of Science.

Alan Roux - Non Executive Director

Alan is an Executive Director in Blackstone’s Corporate Private Equity group and is based in London. Alan is responsible for monitoring and advising on the operational performance and strategy of Blackstone’s portfolio companies in Europe. Prior to joining Blackstone in 2007, Alan was the Director of Operations Development at Tesco Stores, where he led the operational improvement programme for the UK’s largest retailer. Before Tesco, he was a Manager for the Boston Consulting Group in New York and London, advising clients in a variety of industry sectors. He started his career with Procter & Gamble in Germany. Alan serves on the board of United Biscuits and Kloeckner Pentaplast.