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Log In / Register | Jul 21, 2018
News of a change in the board of directors or a chief officer of a firm

Wells Fargo CEO Unexpectedly Steps Down

John G. Stumpf, scandal-plagued Wells Fargo CEO, stepped down earlier today effective immediately.

Big O Tires COO to Retire

Big O Tires announced today that its executive vice president and chief operating officer, Kevin Kormondy, has decided to retire from Big O Tires at the end of October 2016.

Dunkin’ to Replace Retiring President with Hoffmann of McDonald’s

Dunkin' Brands Group Inc. (NASDAQ: DNKN), the parent company of Dunkin' Donuts and Baskin-Robbins, announced this morning that David Hoffmann, 48, has been named president of Dunkin' Donuts U.S. and Canada, effective October 3, 2016.

Unishippers CEO Lockwood Steps Down, Board Appoints Lathrop as CEO

Salt Lake City-based Unishippers Global Logistics, LLC announced Wednesday that CEO Dan Lockwood will step down as its chief executive officer. He will transition to the position of executive chairman with the firm's board of directors. The franchisor's current president, Kevin Lathrop, will become Unishippers new CEO as well as continue as president.

Ruby Tuesday CEO Steps Down, Interim Chief Appointed

Upon disclosing that its same-store sales dropped by 2.7 percent for the last quarter, Ruby Tuesday Inc. (NYSE:RT) announced that its CEO James J. "JJ" Buettgen has stepped down. He is to be immediately replaced by F. Lane Cardwell, Jr., who will serve as interim president and CEO until a permanent replacement for Buettgen can be found.

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.