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Log In / Register | May 27, 2017
News of a change in the board of directors or a chief officer of a firm

Why Are CMOs Dropping Like Flies?

fly swatterTurnover for chief marketing officers is at an all-time high. In retail alone, almost half of the top U.S. chains over the past year have changed marketing leaders, according to global executive search firm Russell Reynolds Associates. Hospitality has high levels of marketer churn as well.

McDonald’s US President Andres to Retire, Kempczinski to Fill Position

Chris Kempczinski
Soon-to-be US president of McDonald's, Chris Kempczinski

McDonald's Corporation announced Wednesday afternoon that its U.S. president Mike Andres will retire from the company on January 1, 2017. Chris Kempczinski, current executive vice president of strategy, business development and innovation, will replace Andres.

Fiesta Restaurant Considers Split Up, CEO to Step Down

Dallas-based Fiesta Restaurant Group Inc. [Nasdaq: FRGI], announced Thursday afternoon that its CEO and president, Tim Taft, will retire by the end of this year. Fiesta, parent company of Pollo Tropical and Taco Cabana fast casual restaurant franchisors, also announced that it is considering a spinoff of Taco Cabana in light of a tough market.

Struggling Cosi Sacks CEO, CFO Resigns

Inside fast-casual restaurant chain COSI
Photo by Blue MauMau

Cosi, Inc. [NASDAQ:COSI] announced Monday that it has terminated RJ Dourney as its chief executive officer and president, effective immediately. Board of Director member Patrick Bennett has already started serving as the company's interim chief executive and president. Meanwhile, Cosi is searching for a permanent CEO.

Red Robin Names Denny Post as New CEO after Restaurant Sales Drop

Red Robin new CEO Denny Marie Post
Denny Post (photo from Red Robin website)

Greenwood Village, Colorado-based Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) announced Monday that it has appointed Denny Marie Post as its new chief executive officer and a member of its board of directors, effective immediately.

McDonald's Chief Administrative Officer Retires

OAK BROOK, Ill.— McDonald’s Corporation (NYSE:MCD) announced Tuesday that its chief administrative officer, Pete Bensen, will retire on September 2, 2016. He has been with the firm for 20 years.

Friendly’s Chief Doubles Up as Johnny Rockets' CEO

John MaguireLAKE FOREST, Calif.—Johnny Rockets announced Wednesday the appointment of John Maguire as its president and chief executive officer. He will add these double duties for leading the 350 Americana-themed restaurants on top of his current responsibilities as president and CEO of Friendly's (FIC Restaurants, Inc.).

Amidst Bad News, Noodles & Company CEO Steps Down

Noodles & Company growth in company-owned same-restaurant sales by year
Source: NDLS annual report

BROOMFIELD, Colo.—Fast-casual chain Noodles & Company [NASDAQ:NDLS] announced Monday that its chief executive officer and chairman, Kevin Reddy, has stepped down. Noodles' board of directors has appointed Robert Hartnett to replace Reddy as chairman.

Quiznos Appoints Another CEO, Lintonsmith

Susan LiptonsmithDENVER—Quiznos [QCE Finance LLC] announced Thursday the appointment of Susan Lintonsmith as the franchisor's new chief executive officer. She is replacing Katie Scherping, CFO and interim president & CEO, who is leaving the company to pursue other opportunities.

Large Franchisee GPS Hospitality Names Lippert as New COO

ATLANTA – GPS Hospitality, a 231-unit franchisee of Burger King and Popeyes Louisiana Kitchen from Georgia to Michigan, announced this morning the appointment of Michael Lippert as its chief operating officer.