The CEO of Membership Collective Group and founder of the Soho House chain, Nick Jones, has announced his intention to retire from the CEO role. Andrew Carnie, the current President of Membership Collective Group, has been lined up to succeed Jones in the position.
Nick Jones founded the first Soho House in London 27 years ago. The chain is a part of the Membership Collective Group and now counts 38 Soho House clubs around the globe. Its founder revealed that he successfully battled prostate cancer earlier in 2022 and that this had led to a change in his life priorities. He will remain in his original role of founder but no longer manage the day-to-day operations of the company. In an email to members, he stated that he will henceforth focus on the creative and membership aspects of Soho House.
Andrew Carnie joined Soho House & Co in 2019 as Chief Commercial Officer. In 2020, he was promoted to Global President. When he replaces Jones, he will be faced with stabilising falling share prices after the company announced the scaling back of its growth trajectory. Current year openings have dropped from an expected 9 to 5-7, including delays to planned Houses in Mexico City and Bangkok until 2023.
Over the last 27 years I have run Soho House and more recently MCG by always putting members at the heart of everything we do. I am so proud of what we have achieved and grateful to all the teams who have helped us get to where we are today. With an experienced and talented leadership team in place, it’s the right time for me to step down as CEO and spend more time doing what I love: designing new Houses, creating a fantastic membership experience, and motivating our people. Having worked closely with Andrew for nearly four years and seen his passion and expertise, I am confident that MCG will go from strength to strength under his leadership and I look forward to working with him and the rest of the team to help support that success.
Nick Jones, outgoing CEO of Membership Collective Group & Founder of Soho House
Soho House is an iconic brand set apart by its longevity, unique design aesthetic and incredible member loyalty. I am excited to be stepping into the role of CEO and continuing to add value to our members’ experience, while driving the profitability of the business and seizing the potential ahead of us. I’m extremely thankful for Nick’s mentorship and look forward to the continued partnership with him and Ron to successfully deliver on the vision for our members, our teams, and our shareholders.
Andrew Carnie, incoming CEO of Membership Collective Group