The Franchise Owner's most trusted news source

Log In / Register | Apr 23, 2018
News of a change in the board of directors or a chief officer of a firm

Krystal Hires New CEO Macaluso

Paul Macaluso, CEO of The Krystal CompanyThe Krystal Company, the firm that oversees a chain of 360 hamburger quick service restaurants in 11 states, announced this morning that Paul M. Macaluso is now its newest chief executive officer.

Bojangles CEO Leaves, Ex-CEO Fills In

The chief executive officer of chicken restaurant chain Bojangles’ Inc [NASDAQ:BOJA], Clifton Rutledge, stepped down March 5, a day before the company is expected to release its last quarterly report for 2017 after the market closes on March 6.

El Pollo Loco Hires New CEO

El Pollo Loco [NASDAQ:LOCO] announced yesterday that its board has appointed Bernard Acoca as the company’s president, chief executive officer, and member of its board of directors effective March 12. Acoca succeeds retiring CEO Steve Sather. 

Latest Liberty Tax CEO Fired, Demoted Co-Founder Hewitt Brings in Franchisees

At the height of the busy tax season, troubled Liberty Tax fired its newly appointed CEO Edward L. Brunot, on the job for six months after he was handpicked by disgraced co-founder and ex-CEO John T. Hewitt, who was accused of having sexual escapades with staff and franchisees.

RE/MAX Co-Founder Dave Liniger Hands over Reins to Co-CEO Adam Cantos

RE/MAX board of directors announced last week that their co-founder and co-chief executive officer Dave Liniger has stepped down from his position, allowing Adam Contos to be the sole CEO of the Denver-based real estate giant franchise company. Liniger will now become a non-executive chairman of the RE/MAX Holdings Board.

BRIX Promotes Craig Erlich to CEO

Craig ErlichBRIX Holdings, LLC, the Dallas-based holding company of quick service restaurant franchisors such as Red Mango, Super Salad, Smoothie Factory and RedBrick Pizza, announced Monday that it has appointed Craig Erlich as its new chief executive officer, effective immediately.

NRD Capital Appoints Ray Blanchette as Ruby Tuesday’s New CEO

NRD Capital has appointed Ray Blanchette as chief executive officer of Ruby Tuesday, Inc., effective January 8. The private equity firm, which is owned and directed by largely franchisees, bought up the publicly-traded but troubled casual dining firm in a go-private transaction on December 21, 2017.

Richard Allison to Replace Domino’s CEO Patrick Doyle

After eight years at the helm, Domino’s chief executive officer, president and board member, Patrick Doyle, announced on Tuesday that he will leave the firm on June 30. Domino’s international president, Richard Allison, will take over as the new CEO on July 1.

Subway's SVP Marketing Steps Away after 8 Months

Subway Ala Moana​Karlin Linhardt, Subway's senior vice president of marketing for North America, has tendered his resignation after just eight months on the job. His departure comes as the chain continues to face hard times, as it did before he came on board. The company has lost 25 percent of its customer traffic over the last five years and way too many franchisees are said to be losing money.

Potbelly Recruits New CEO, Anticipates Franchisee Changes

PotbellyPotbelly Corporation [NASDAQ: PBPB] announced last Friday that it has appointed Alan Johnson to be its president, chief executive officer and member of its board of directors.