The Franchise Owner's most trusted news source

Log In / Register | May 27, 2018
News of a change in the board of directors or a chief officer of a firm

Noodles & Co Shakes Up Leadership Team, Tackles Declining Sales

After reporting a net loss of $71.7 million in March and the closure of 55 underperforming company-owned stores the first two quarters this year, Colorado-based Noodles & Company is continuing to shake up its leadership team.

Potbelly CEO to Leave

Potbelly Corporation (NASDAQ:PBPB) announced Tuesday that its chairman and chief executive officer Aylwin Lewis will leave the company on August 8, 2017. The Chicago-based company has 40 franchises and over 400 sandwich shops.

Blaze Pizza Adds CEO to President’s Duties

Fast-casual franchisor Blaze Fast-Fire'd Pizza announced Thursday that Jim Mizes has been promoted to be its new president and CEO. He has served as the company's president and chief operating officer since 2013.

Pieology Hires Ex-CEO of Smashburger

California-based Pieology announced on Wednesday that it has hired the ex-CEO and president of Smashburger, Michael J. Nolan, to be its president. Nolan has already begun his new duties at Pieology earlier this month.

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.