Ann Arbor, MI (RestaurantNews.com) Domino’s Pizza Inc. (NYSE: DPZ), the largest pizza company in the world based on global retail sales, has announced that Stuart A. Levy will be leaving the Company to pursue other opportunities. While he is stepping down from his role as Executive Vice President and Chief Financial Officer effective immediately, Mr. Levy will continue with the Company in an advisory capacity until August 31, 2021 to ensure a smooth transition.
The Company has commenced a search for the next CFO with the assistance of Heidrick & Struggles. Effective immediately, Ritch Allison, Domino’s Chief Executive Officer, will assume oversight of a newly established Office of the CFO comprised of Ryan Goers, Vice President, Finance, Global Financial Planning and Analysis; Juan Jose Joachin, Vice President, Finance Operations; and Jessica L. Parrish Vice President, Corporate Controller and Treasurer until the new CFO is in place.
“At Domino’s, we have a talented and dedicated finance and accounting team – and I have great confidence that we will continue to execute on our financial objectives as we identify a new CFO,” said Mr. Allison. “We continue to focus on providing outstanding food and service to our customers worldwide, as evidenced by robust retail sales growth and another record-setting year of franchisee profitability. The Domino’s brand and value proposition is as strong as it has ever been and we remain confident in our long-term outlook.”
“On behalf of everyone at Domino’s, I would like to thank Stu for his contributions, including his leadership throughout the complex challenges of the pandemic,” Mr. Allison continued. “We maintained and built on our financial strength, invested in the capacity required to support the long-term growth of the brand, and delivered significant shareholder value, all while putting our team members and customers first.”
“Domino’s is in a great position to continue its impressive track record of global growth,” said Mr. Levy. “It’s been a privilege to work with the amazing team members and franchisees who make Domino’s such an iconic brand and I’m confident this will be a smooth transition.”
Mr. Levy’s departure did not result from any disagreement regarding the Company’s financial reporting or accounting policies, procedures, estimates, or judgments.
About Domino’s Pizza®
Founded in 1960, Domino’s Pizza is the largest pizza company in the world based on retail sales, with a significant business in both delivery and carryout pizza. It ranks among the world’s top public restaurant brands with a global enterprise of more than 17,800 stores in over 90 markets. Domino’s had global retail sales of over $16.1 billion in 2020, with nearly $8.3 billion in the U.S. and over $7.8 billion internationally. In the first quarter of 2021, Domino’s had global retail sales of over $4.0 billion, with nearly $2.0 billion in the U.S. and over $2.0 billion internationally. Its system is comprised of independent franchise owners who accounted for 98% of Domino’s stores as of the end of the first quarter of 2021. Emphasis on technology innovation helped Domino’s achieve more than half of all global retail sales in 2020 from digital channels. In the U.S., Domino’s generated more than 70% of sales in 2020 via digital channels and has developed several innovative ordering platforms, including those for Google Home, Facebook Messenger, Apple Watch, Amazon Echo, Twitter and more. In 2019, Domino’s announced a partnership with Nuro to further its exploration and testing of autonomous pizza delivery. In mid-2020, Domino’s launched a new way to order contactless carryout nationwide – via Domino’s Carside Delivery®, which customers can choose when placing a prepaid online order.
14-year franchise restaurant industry veteran Chris Brandon, IRC, to join company June 7
San Diego, CA (RestaurantNews.com) Jack in the Box Inc. (NASDAQ: JACK) continues the strategic transformation of its leadership team with the addition of 14-year franchise restaurant industry veteran Chris Brandon, IRC, as vice president of investor relations, effective June 7, 2021.
Brandon joins Jack in the Box from Domino’s Pizza, where he served in a variety of communication roles over the past 14 years, including most recently as director of investor relations. His past roles at Domino’s included responsibility for legislative affairs as well as media and public relations and franchisee events. Previously, Brandon held various sales and marketing positions with NASCAR between 2003 and 2007.
“Chris has proven his ability to build trusting relationships with key members of the investment community and brings deep knowledge of the franchise restaurant industry, with more than a decade of experience communicating growth strategies,” said CFO Tim Mullany. “I’m confident he will be a valuable addition to our team as we embark on a new growth chapter to extend Jack’s reach within existing markets and into new territories over the coming years.”
Brandon said, “I look forward to sharing Jack in the Box’s exciting story of renewed growth. Jack’s new leadership team is instilling a strong culture of service to its guests and franchisees, and I plan to extend that same approach toward members of the investment community.”
Brandon is a 2002 graduate of the University of Kansas with a journalism degree in strategic communication and a degree in psychology. He also completed a master’s degree in sports business from New York University in 2006. He has been rated as a top IR professional nationally by Institutional Investor and earned the Investor Relations Charter (IRC) certification in 2018.
About Jack in the Box Inc.
Jack in the Box Inc. (NASDAQ: JACK), based in San Diego, is a restaurant company that operates and franchises Jack in the Box® restaurants, one of the nation’s largest hamburger chains, with more than 2,200 restaurants in 21 states and Guam. For more information on Jack in the Box, including franchising opportunities, visit www.jackinthebox.com.
SPARTANBURG, S.C., May 19, 2021 (GLOBE NEWSWIRE) — Denny’s Corporation (NASDAQ: DENN), franchisor and operator of one of America’s largest franchised full-service restaurant chains, today announced that Olu Beck has been appointed to its Board of Directors. Ms. Beck is the Founder and Chief Executive Officer of boutique management consulting firm, The Beck Group NJ LLC and brings more than 25 years of portfolio business management and direct experience driving transformational and strategic growth to her new role.
“Olu brings a valuable perspective to Denny’s Board,” said Brenda J. Lauderback, Chair of Denny’s Board of Directors. “Her leadership and expertise in consumer-facing businesses combined with her understanding of finance and overall brand building will be critical to the continued success of Denny’s.”
Previously, Ms. Beck was the CEO of Wholesome Sweeteners Inc. and held senior executive positions at two Fortune 50 companies, Mars Inc., and Johnson & Johnson. She is an Oxford University Alumna and is currently a Board Member of Freshpet, Inc. and Hostess Brands Inc. She was named as one of the Top 25 Most Influential Women CEO’s of the Mid-Market in the USA by CEO Connection in 2017 and 2018.
“It is an honor to join Denny’s Board and I’m looking forward to helping drive and shape corporate strategy as we emerge from this pandemic and find new and exciting ways to engage with our guests,” Ms. Beck said.
Denny’s CEO John Miller said, “As we continue to revitalize our brand and position Denny’s for its next chapter of growth, Ms. Beck’s experience driving successful brand transformation and business growth will be an immediate value add to our Board of Directors and shareholders.”
Diversity equity and inclusion is a core part of Denny’s business strategy and plays a vital role in delivering the great dining experience our guests expect as well as establishing a workplace culture built around belonging. Underrepresented groups make up two-thirds of the total Denny’s workforce, including half of restaurant management level employees. On Denny’s board, 55 percent of members are people of color and 44 percent are women. For more information, please visit https://www.dennys.com/company/social-responsibility.
Denny’s Corporation is the franchisor and operator of one of America’s largest franchised full-service restaurant chains, based on the number of restaurants. As of March 31, 2021, Denny’s had 1,649 franchised, licensed, and company restaurants around the world including 148 restaurants in Canada, Puerto Rico, Mexico, the Philippines, New Zealand, Honduras, the United Arab Emirates, Costa Rica, Guam, Guatemala, El Salvador, Indonesia, and the United Kingdom. For further information on Denny’s, including news releases, please visit the Denny’s website at www.dennys.com or the brand’s social channels via Facebook, Twitter, Instagram, TikTok, LinkedIn or YouTube.
Three additions to executive suite bring decades of experience and expertise as global restaurant franchise company moves to make further acquisitions
Los Angeles, May 18, 2021 (GLOBE NEWSWIRE) — FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Fatburger, Johnny Rockets and seven other restaurant concepts, has added additional depth to its senior management team with three new hires: Allen Sussman, General Counsel; Ken Kuick, Chief Financial Officer; and Rob Rosen, EVP Capital Markets.
“FAT Brands has experienced remarkable growth in spite of the pandemic, opening new restaurants around the world, and we’re not done yet,” said Andy Wiederhorn, CEO of FAT Brands. “Bringing these three talented professionals on-board will bring additional intellectual capital and practical expertise to our executive team as we explore new opportunities and consider other acquisitions.”
Although Allen Sussman is newly appointed as General Counsel, he has worked with FAT Brands for several years and shepherded the company through its IPO and multiple acquisitions. He joins FAT from Loeb & Loeb LLP in Los Angeles, where he was a partner in the Capital Markets and Corporate Practice Groups. “I’m very excited to be joining FAT Brands in-house at this key juncture in the company’s evolution,” he said. “The company has a compelling story to tell, and I am eager to help build upon the impressive growth the company has achieved, in particular, over the last several years.”
Chief Financial Officer, Ken Kuick, most recently served as Chief Financial Officer for Noodles & Company (NASDAQ: NDLS). Prior to that, he was Chief Accounting Officer for VICI Properties (NYSE: VICI), a real estate investment trust. Ken also served as Chief Accounting Officer for Caesars Entertainment (NASDAQ: CZR) from 2014 to 2017 and as Vice President, Assistant Controller beginning in 2011.
Commenting on his appointment, Mr. Kuick said, “I am thrilled to join Andy and the entire FAT Brands team and play a role in helping to lead the organization as it continues its growth strategy. FAT Brands has an impressive portfolio of brands, tremendous growth potential and a dedicated team. Along with joining the strong FAT Brands team, I am equally looking forward to working with the amazing franchisees and serving as a resource for them.”
Rob Rosen, EVP Capital Markets, is a Wall Street veteran with over 30 years of experience in structured finance, banking, lending and on the portfolio management buy-side. Rob has worked on the banking side for Fleet Bank, Kidder Peabody and Bank of Tokyo and has spent over 20 years working with Black Diamond Capital Management in a variety of management, board level and advisory capacities.
“FAT Brands’ multi-brand platform has reached a critical mass in terms of quality holdings and infrastructure to enable additional brand acquisitions and internal growth to be significantly accretive from day one,” explained Rob Rosen. “A large component of executing FAT’s organic growth strategy as well as the acquisition roll up plan is effective use of the credit and capital markets and a disciplined approach to future purchases. I look forward to working with the group on all of these aspects.”
About FAT (Fresh. Authentic. Tasty.) Brands
FAT Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets and develops fast casual and casual dining restaurant concepts around the world. The Company currently owns nine restaurant brands: Fatburger, Johnny Rockets, Buffalo’s Cafe, Buffalo’s Express, Hurricane Grill & Wings, Elevation Burger, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises approximately 700 units worldwide. For more information, please visit www.fatbrands.com.
NASHVILLE, Tenn., May 18, 2021 /PRNewswire/ — Restaurant Growth Services, LLC (“RGS”), a management services company that operates over 400 restaurant locations including O’Charley’s Restaurant + Bar, 99 Restaurant & Pub, Village Inn and Bakers Square along with Legendary Baking, announced today that Mark Spurgin has been promoted to Chief Supply Chain Officer. Spurgin previously held the role of Senior Vice President of Supply Chain since joining the company in 2018.
Over the last two and a half years, Spurgin has delivered sustainable cost reductions contributing to improved store-level margins and cash flow for the brands managed by RGS. He was also crucial to the company’s COVID-19 response and its ability to withstand the devastating impact within the supply chain while ensuring each brand was positioned for growth post-pandemic.
“Having a strong leadership team is paramount to RGS’s success. This promotion is a well-earned recognition of Mark’s meaningful and significant contributions to our brands during his tenure, particularly in navigating the unimaginable challenges of the last year to ensure each brand had comprehensive supply chain support to emerge stronger as we moved through the COVID-19 challenges,” said W. Craig Barber, Chief Executive Officer of Restaurant Growth Services, LLC. “We are blessed to have Mark as part of our senior leadership team with absolute confidence he will continue to create value for the brands supported by RGS through his best-in-class supply chain leadership.”
Spurgin is widely recognized for his domestic and international supply chain expertise and served as a board member of the Global Supply Chain Summit, collaborating with restaurant executives worldwide to manage global supply chains to foster learning and resource development across the industry. Prior to joining Restaurant Growth Services, LLC, Spurgin was Vice President, Global Procurement, Logistics and Compliance for The Cheesecake Factory, Inc., where he led the development and execution of strategies for The Cheesecake Factory, RockSugar Southeast Asian Kitchen, and Grand Lux Café brands.
“Helping Restaurant Growth Services and our 400 plus units not only successfully navigate the pandemic but emerge stronger has been the pinnacle of my career and I am thrilled to be part of this exceptional senior leadership team,” said Spurgin. “I’m grateful to Craig for the opportunity to share a significant role through RGS for our strong brands and look forward to continuing to work alongside him along with others on our amazing senior leadership team to propel the company’s growth in the years to come.”
For more information about Restaurant Growth Services, LLC, please visit https://www.restaurantgrowthservices.com/.
ABOUT RESTAURANT GROWTH SERVICES, LLC
Based in Nashville, Tennessee, Restaurant Growth Services, LLC (“RGS”) is a management services company providing support to a variety of casual and family dining restaurant brands, as well as a pie manufacturing company. RGS currently supports the operations of over 400 restaurants under four concepts, including O’Charley’s Restaurant + Bar, 99 Restaurant & Pub, Village Inn, and Bakers Square. Additionally, RGS also supports Legendary Baking, an award-winning baker of over 15 million gourmet pies and premium desserts annually sold to restaurants, independent bakers, retail/grocery customers, and other foodservice customers.
The company’s services include executive leadership, strategy, operational oversight, supply chain, technology services, human resources, benefits, financial reporting, treasury management, legal counsel, training, and more. Restaurant Growth Services, LLC is a majority-owned subsidiary of Cannae Holdings, Inc.(www.cannaeholdings.com).
May, 18 2021
Jack in the Box, Inc. (NASDAQ: JACK) continues the strategic transformation of its leadership team with the addition of new Senior Vice President and Chief Operating Officer Tony Darden, who brings more than 25 years’ experience in multi-unit, quick-service restaurant operations.
Darden joins Jack in the Box from MOOYAH Burgers Fries and Shake, where he served as president for the past two years. He has also held chief operating officer titles at Taco Bueno and Sun Holdings, the fourth largest franchisee in the U.S. with a portfolio of more than 1,000 restaurants for brands including Burger King, Popeyes, Krispy Kreme and Arby’s. Additionally, Darden held operations leadership roles at Panera Bread and Metromedia Restaurant Group/Bennigan’s.
“I’ve known Tony professionally through the years and I know he is the right person to lead operations at Jack in the Box by partnering with our franchisees to focus on operations excellence and restaurant profits,” said Jack in the Box CEO Darin Harris. “He cares deeply about people, franchisee success and giving our guests a consistent brand experience.”
“I look forward to building strong relationships with our corporate team members and franchisees to drive Jack’s long-term growth initiatives,” said Darden. “Jack’s future success will be a function of enabling our franchisees in delivering exceptional guest experiences that enhance brand loyalty and accelerate their growth.”
Darden’s first day on the job is planned for June 7, 2021. He is the fifth new C-suite hire for Harris, who joined Jack in the Box as CEO in 2020. The company last week reported strong Q2 earnings and revenue, which included total revenue growth of 19% over Q2 2020 and 20.6% growth in system same-store sales.
HOUSTON, May 17, 2021 /PRNewswire/ — Shipley Franchise Company and Shipley Do-Nut Flour & Supply Co. has expanded its senior leadership team with the addition of new Chief Executive Officer Clifton Rutledge and Chief Operating Officer Hank Simpson.
Rutledge, who formerly served as executive chairman at Shipley, brings more than three decades of top restaurant leadership experience to the company. He previously served as COO at Jack’s Family Restaurants, president/CEO at Bojangles Chicken and Biscuits, and COO at Whataburger, in addition to other key roles throughout his career.
Simpson joins Shipley from Panera Bread, where he most recently was senior vice president, chief development and franchise officer.
Founded in 1936, Shipley Do-Nuts is a leading quick-service restaurant franchisor with a diverse franchisee and consumer base and over 300 locations in nine states. Headquartered in Houston, the company has built a strong reputation for its do-nuts, kolaches, beverages and guest service. It was purchased in late 2020 by an affiliate of Peak Rock Capital, which announced plans to invest in the company’s growth. The company has plans to double its store count over the next five years in existing and new geographic areas.
“Clifton and Hank bring to Shipley impressive track records across numerous restaurant industry leadership roles,” said Robert Strauss, a Shipley board member. “Their experience and talent will help drive significant growth in the business through new unit expansion, same-store sales growth and enhanced operations.”
“Our team is fully committed to the success of all of our current and future franchisees, guests and communities, and together, we will accelerate Shipley’s growth trajectory by continuing to invest in our franchisees’ success with industry-leading ingredients, equipment, technology and service,” Rutledge said. “I look forward to building on the strong foundation established at Shipley over the last 85 years.”
“We have a tremendous group of current franchisee partners, and I look forward to helping drive their success and bring new franchisees into the brand as we seek to further grow our footprint,” added Simpson.
Current Shipley President Craig Lindberg remains in his role as a senior member of the leadership team.
Shipley is actively recruiting additional employees and franchisees. For more information, visit www.shipleydonuts.com.
ABOUT SHIPLEY DO-NUTS
Founded in 1936, Shipley Do-Nuts is a leading do-nut restaurant franchisor and manufacturer of specialty food products. Shipley franchises over 300 restaurants to a diverse group of operators across nine states. Shipley has served its do-nuts, kolaches and beverages to generations of guests who value the brand’s do-nuts, kolaches, beverages, and guest service. For information on franchising, visit shipleydonuts.com/franchise.
May, 17 2021
Bojangles announced today it has named Katie Radtke as vice president of supply chain. An accomplished supply chain leader with global credentials, Radtke will oversee food and packaging, distribution, logistics and quality assurance in her new role.
“Katie is a transformational supply chain leader, and her extensive experience in developing strategies to optimize the supply chain for nationally recognized restaurant franchise brands will be critical as Bojangles continues to grow and meet increased demand for our delicious Southern food,” said Ken Koziol, Bojangles’ chief restaurant support officer.
Prior to joining Bojangles, Radtke served as senior director of global procurement for multi-brand restaurant company Inspire Brands and led efforts for Arby’s in Canada, Buffalo Wild Wings (BWW), Jimmy John’s, Rusty Taco and Sonic. She managed global procurement exclusively for BWW prior to Inspire’s acquisition and previously held supply chain positions with Boston Scientific and St. Jude Medical.
“I’m excited to join a company with Bojangles’ solid reputation, dynamic leadership team and passionate fans,” said Radtke. “I look forward to contributing my expertise to align our supply chain strategies to support the brand’s growth, and ultimately, deliver our guests a great experience.”
Her appointment comes on the heels of major franchise development deals recently announced with Chaac Foods Restaurants and longtime Bojangles franchisee Jeff Rigsby that include opening more than 80 new locations over the next seven years.
Radtke earned a bachelor’s and master’s degree from Latin University of Costa Rica, a law degree from the Free School of Law University in Costa Rica and a master’s degree from Swiss Business School in Zurich. She currently serves as vice chair for women in leadership with the Institute of Supply Chain Management (ISM) and volunteers with Hispanic Star to support Hispanic-owned small and medium enterprises, entrepreneurs and independent workers.