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Log In / Register | Apr 26, 2017
News of a change in the board of directors or a chief officer of a firm

Young Fast Casual Chain Hires Scott Davis as President of Brand

CoreLife Eatery announced yesterday that the franchising firm has hired Scott Davis as president of the brand. He will oversee the two year-old fast-casual concept as it grapples with profitability, restaurant operations and development.

Buffalo Wild Wings Acts on Activist's Suggestions, but Activist Wants More

Buffalo Wild WingsAmidst board room tumult, Buffalo Wild Wings Inc. (NASDAQ:BWLD) announced in the last days of March that Janice Fields and Sam B. Rovit have been slated to join its nine-panel board of directors, subject to confirmation at the upcoming company's annual meeting of shareholders, traditionally held in May.

Ruby Tuesday Hires Jim Hyatt as CEO

Tennessee-based restaurant firm Ruby Tuesday, Inc. (NYSE:RT) announced that effective yesterday James "Jim" F. Hyatt, II will be the firm's new president, chief executive officer and member of its board of directors

CKE Restaurants CEO Andy Puzder Steps Down

CKE Restaurants Holdings Inc., parent company of Carl's Jr., Hardee's, Green Burrito and Red Burrito, announced this afternoon that Andy Puzder is stepping down as chief executive officer and that Jason Marker will replace him. Marker is expected to start in April.

Troubled Famous Dave’s Store Sales Drop in 2016, Firm Appoints Charles Mooty as Chairman

Famous Dave's of America Inc. [NASDAQ:DAVE] announced on Monday that its franchises dropped 4.7 percent in same-restaurant sales for 2016 compared to the year before. Company stores fell 5 percent in comparable sales. Dave's had a net loss of several stores to its network and a net loss of $5 million before income taxes in 2016.

Popeyes CEO Cheryl Bachelder to Step Down

CEO Bachelder addresses franchisees on brand name change. (photo/AFCE, now PLKI)

Just nine days after the announcement that Restaurant Brands International bought Popeyes Louisiana Kitchen Inc. (NASDAQ: PLKI), Popeyes today announced that CEO Cheryl Bachelder will step down at the close of the acquisition, which is expected in early April. A new Popeyes chief executive will be named then.

After Disappointing Year, Fiesta Restaurant Recruits New Leadership

Fiesta Restaurant 2016 store compsFiesta Restaurant Group, Inc. [NASDAQ: FRGI], the parent company of Pollo Tropical and Taco Cabana, announced on Monday that store sales dropped in its last quarter and 2016. Its net income of $16.7 million dropped by well over half of what it was in 2015.

With a Turnaround Needed, DineEquity’s CEO Julia Stewart Resigns

Faced with disappointing results of its fourth quarter and full year for 2016, DineEquity Inc. (NYSE:DIN) announced yesterday the resignation of its chairman and chief executive officer Julia Stewart, effective March 1. Richard Dahl, the lead director on the firm's board of directors, will take Stewart's place as interim chief executive officer and chairman.

Mike Ilitch, Franchisor and Franchisee, Dead at 87

Mike IlitchThe co-founder (with wife Marian) of franchisor Little Caesars Pizza and owner of Major League Baseball's Detroit Tigers and Hockey's Red Wings franchise, Mike Ilitch, died in a Detroit hospital on Friday. He was 87.

Great Clips Announces CEO Olsen to Step Down in 2018, President to Replace Her

Minneapolis-based franchisor Great Clips Inc. announced yesterday that on January 1, 2018, Rhoda Olsen will vacate her role as CEO and become a member of its board of directors.