sbe Appoints Paul Clute as Senior Vice President of Finance for Disruptive Restaurant Group, Nightlife and Umami Burger

LOS ANGELES, Nov. 6, 2017 /PRNewswire/ -- sbe, the leading lifestyle hospitality company, announces today that it has appointed Paul Clute as Senior Vice President of Finance for Disruptive Restaurant Group, Nightlife and Umami Burger. Clute will oversee the finance function of the business to ensure it is able to support the needs of the company as it continues its unprecedented period of growth, building on its portfolio of over 100 venues. He will work very closely with CEO of Disruptive Restaurant Group, Daniel del Olmo, on strategic planning, financial planning and business analytics for all culinary and nightlife brands going forward.

Speaking about the appointment, David Hammarley, Chief Financial Officer at sbe, said: "Paul joins us at an extremely exciting time for sbe as we expand our global footprint across our entire portfolio. Paul has worked at some of the biggest and most recognizable companies in the US, and I'm sure he'll be a tremendous asset to sbe's finance department as it adapts to sbe's growing portfolio."

Clute adds: "I'm thrilled to be joining sbe at this exciting time. The rate of growth the company is experiencing is unique within the hospitality industry, and I'm looking forward to playing an important role within the business as it looks to challenge the large, established companies that have dominated the hospitality sector for so long."

Since its inception in 2002, sbe has grown to become a leader in the industry by putting guests at the heart of its experience. Thought-provoking design, impeccable cuisine and unforgettable service are trademarks across sbe's portfolio of iconic culinary concepts and nightlife offerings, including: Katsuya, Cleo, Doheny Room, Nightingale, and Umami Burger.

Clute joins the company from Confie Seguros where he was Senior Vice President and Financial Planning leader for the $500 million insurance brokerage which has more than 750 stores across 19 states. Prior to this he was Vice President of Business Planning for True Religion Brand Jeans, a mid-market premium denim brand.  Earlier in his career he spent ten years at Taco Bell Corp. where he worked his way up to be Vice President for Finance and Operations, as well as four years at Disneyland Resort, California.

Paul received a Bachelor of Science degree in Finance and Accounting from the University of Arizona before receiving his MBA in Finance and Strategy from the Kelley School of Business at Indiana University. 

About sbe
Established in 2002 by Founder and CEO Sam Nazarian, sbe is a privately-held, leading lifestyle hospitality company that develops, manages and operates award-winning hotels, residences, restaurants and nightclubs. Through exclusive partnerships with cultural visionaries, sbe is devoted to creating extraordinary experiences throughout its proprietary brands with a commitment to authenticity, sophistication, mastery and innovation. Following the acquisition of Morgans Hotel Group, the pioneer of boutique lifestyle hotels, sbe has an unparalleled global portfolio featuring 22 world-class lifestyle hotel properties in 9 attractive gateway markets and more than 136 global world-renowned hotel, entertainment and food & beverage outlets. The company is uniquely positioned to offer a complete lifestyle experience - from nightlife, food & beverage and entertainment to hotels and residences, and through its innovative customer loyalty and rewards program, The Code, as well as its award-winning international real estate development subsidiary, Dakota Development - all of which solidify sbe as the preeminent leader across hospitality. The company's established and upcoming hotel brands include SLS Hotel & Residences, Delano, Mondrian, Redbury, Hyde Hotel & Residences, Clift, Hudson, Sanderson and St Martins Lane. In addition, sbe has the following internationally acclaimed restaurants and lounges: Katsuya, Cleo, The Bazaar by José Andrés, Fi'lia by Michael Schwartz, Umami Burger, Hyde Lounge and Skybar. More information about sbe can be obtained at sbe.com.

sbe Media Contact:
Jenna Heinz
Director of Communications
[email protected]

SOURCE sbe

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