The Franchise Owner's most trusted news source

Log In / Register | Oct 17, 2017
News of a change in the board of directors or a chief officer of a firm

RadioShack’s CEO Quits after Nine Months; Franchisees Tried to Band Together

Shuttered RadioShackRon Garriques, the CEO of troubled RadioShack has called it quits after just nine months on the job. The firm's chief financial officer Gordon Briscoe has been named interim CEO as its board of directors searches for a permanent one.

Jamba Names Pace as CEO; Federico as Chair

Jamba new CEO Dave Pace
Jamba's new CEO, Dave Pace. photo/jamba

EMERYVILLE, Calif.— Jamba Juice (NASDAQ:JMBA) announced this morning that it has named David A. Pace as the company's new chief executive officer. He will begin on March 14. Jamba has also appointed existing director Richard L. Federico to chairman of the board. He will remain an independent director on the board.

Gold’s Gym Appoints New CEO, President & EVP Leave

On January 5 the private equity holding company of Gold's Gym International let franchisees and employees know that their president and executive vice president of operations are no longer with the firm. Gold Gym's chairman has been appointed CEO

TGI Fridays Hires Robert Palleschi as President & CEO

TGI Fridays new CEO Robert PalleschiCARROLLTON, Texas— Casual dining chain TGI Fridays announced Tuesday that Mr. Robert Palleschi has been appointed as the firm's president and chief executive officer, effective February 8. The firm used global executive firm Egon Zehnder. Palleschi replaces Nick Shepherd, who stepped down in October 2015.

Franchise Software Firm Naranga Hires Scott Mulloy as President

ATLANTA—Naranga, which provides IT management solutions for franchise, retail and hospitality operating systems, announced today that it has hired Scott Mulloy as president of the Georgia-based firm.

Chairman of Yum Brands David Novak to Retire

A KFC in China
Novak expanded Yum into China. Photo of a KFC in Beijing by ChinaSupertrends

LOUISVILLE, Ky—Yum Brands, Inc. (NYSE:YUM) announced Tuesday that its executive chairman David C. Novak, age 63, will retire in May, right after the firm's annual shareholder meeting.

Wendy’s CEO to Retire

Passing the leadership baton
Passing the baton; photo by TableAtny

DUBLIN, Ohio—The Wendy's Company (NASDAQ:WEN) announced that its president and chief executive officer Emil Brolick, age 67, will retire from management duties in May 2016. In accordance with the company's succession plan, Brolick will be succeeded by current chief financial officer Todd Penegor, age 50.

Famous Dave’s Makes Interim CEO Adam Wright Permanent as Sales Slip

Famous Dave'sMINNEAPOLIS – Amidst tremendous business challenges and turmoil, Famous Dave's of America, Inc. (NASDAQ:DAVE) announced on Monday that its interim CEO Adam Wright is now its permanent chief executive officer.

Wendy’s CEO Brolick to Resign, Succeeded by CFO

Wendy's new CEO Todd Penegor. Photo:Wendy's webpage

DUBLIN—This morning Wendy's Company (NASDAQ:WEN) announced that its 67-year old chief executive officer and president Emil Brolick will officially retire in May 2016, a few months shy of his fifth-year anniversary as CEO.

Jamba Juice CEO White to Leave

James D. White. Photo:Jamba

EMERYVILLE, Calif.—Juice store franchisor Jamba Inc. (NASDAQ:JMBA) announced Thursday that 54-year-old James D. White, who is the company's chairman, CEO and president, will be leaving the company.