Corporate Operations: Page 8
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H1 2023 marked by 4 layoffs in restaurant tech
Companies in the delivery, virtual brand and POS platform subsectors grappled with growing losses and corporate restructuring.
By Emma Liem Beckett • July 10, 2023 -
Yum names Taco Bell CEO
Sean Tresvant, who joined the brand as chief global brand officer in 2022, will replace Mark King at the start of the year.
By Aneurin Canham-Clyne • June 30, 2023 -
Smokey Bones names Hal Lawlor to joint role of president, COO
Lawlor, who has served as the chain’s COO since 2019, takes on the added role following CEO James O’Reilly’s departure earlier this month.
By Julie Littman • June 29, 2023 -
Noodles & Company hires Ruth’s Chris exec as CFO
Michael Hynes, will start with the company on July 24 following the departure of CFO Carl Lukach earlier this month.
By Aneurin Canham-Clyne • June 27, 2023 -
Papa Johns hires Nike exec as CFO
Ravi Thanawala joins the company from Nike’s largest division, North America, which saw $18 billion in revenue last year.
By Aneurin Canham-Clyne • June 26, 2023 -
Darden board chairman Eugene Lee to retire
Lee’s departure was announced the same day as Darden’s results for FY2023, which include modest increases in same-store sales and its restaurant count.
By Aneurin Canham-Clyne • June 22, 2023 -
Blaze Pizza hires Focus Brands execs as chief development, operations officers
Kevin Moran and Johnny Tellez join Blaze Pizza six months after the restaurant chain hired Focus Brands alum Beto Guajardo as president and CEO.
By Aneurin Canham-Clyne • June 21, 2023 -
Burger King wants to force Meridian to sell off its restaurants
Burger King, like Meridian Restaurant’s creditors, is asking a court to allow creditors to arrange the sale of the franchisee’s restaurants.
By Aneurin Canham-Clyne • Updated Jan. 2, 2024 -
BurgerFi appoints former Wall Street analyst as CFO
Christopher Jones starts as BurgerFi’s top financial executive on July 10, the same day as its incoming CEO.
By Julie Littman • June 13, 2023 -
Potbelly hires HR, franchising executives
Lynette McKee will support Potbelly’s transition to a majority franchise system as SVP of franchising, and Patrick Walsh will work as chief people officer.
By Aneurin Canham-Clyne • June 12, 2023 -
Grubhub cuts 15% of staff
The layoffs come six months after rival DoorDash eliminated 1,250 positions, and follow rising operating and staffing costs, CEO Howard Migdal said.
By Julie Littman • June 12, 2023 -
Chipotle eliminates 25 jobs in corporate reorganization
The reorganization follows an in-depth review of the chain’s business needs to determine what would best meet the company’s aggressive goals.
By Julie Littman • June 8, 2023 -
Smashburger names interim president to replace Carl Bachmann
Jollibee, the burger chain’s parent company, tasked its chief sustainability and public affairs officer Jose Miñana to lead the burger chain starting June 30.
By Aneurin Canham-Clyne • June 8, 2023 -
Sweetgreen will automate all new stores, target suburban markets
The salad chain’s Infinite Kitchen makeline could remake its labor model, analysts said following CEO Jonathan Neman’s presentation at William Blair’s Growth Stock Conference.
By Aneurin Canham-Clyne • June 8, 2023 -
Taco John’s CEO to retire at the end of the year
Jim Creel, who has been Taco John’s CEO for six years and worked with the chain for over two decades, will retire from the brand by the end of the year.
By Julie Littman • June 7, 2023 -
Popeyes adds blackened chicken sandwich to menu permanently
The chicken sandwich, which succeeded as an LTO last year, is being marketed as a healthier entree that diners can enjoy every day.
By Aneurin Canham-Clyne • June 7, 2023 -
RBI appoints Tim Hortons US president, Burger King US COO
Peter Perdue will oversee operations for Burger King in the U.S. and Canada, while Katerina Glyptis will serve as brand president for Tim Hortons U.S.
By Aneurin Canham-Clyne • June 2, 2023 -
Chipotle hires Wendy’s exec as chief development officer
Stephen Piacentini, who has about two decades of restaurant experience, will help Chipotle reach its 7,000 unit goal.
By Julie Littman • June 1, 2023 -
Amazon, Yum and RBI shareholders vote against proposals about plastic packaging use
Resolutions calling on each company to produce a non-binding report on their plastic use and reduction plans were rejected by wide margins at recent annual meetings.
By Cole Rosengren • May 31, 2023 -
Panera adds drive-thru pickup nationwide
The digital order pickup option uses the same lane as Panera’s regular drive-thru channel, which could help service digital customers faster.
By Aneurin Canham-Clyne • May 31, 2023 -
On the Border shifts toward tiered loyalty
The chain joins the likes of El Pollo Loco and Sweetgreen, which now offer different rewards levels, as pressure on brands to differentiate offerings grows.
By Aneurin Canham-Clyne • May 24, 2023 -
Smoothie King hires Starbucks exec as COO
Camille Hymes, whose past work experience also includes roles at Jack in the Box and ExxonMobile, joins the chain effective June 5.
By Aneurin Canham-Clyne • May 24, 2023 -
Chipotle prepares national rollout of RFID for food traceability
The restaurant chain is expanding its use of the technology to track ingredients from suppliers in real-time.
By Sarah Zimmerman • May 23, 2023 -
NFTs, personalization and biometric pay are shaping restaurant loyalty
At the National Restaurant Association Show, experts and operators discussed how restaurants are innovating their rewards to stay competitive as inflation erodes diner spend.
By Aneurin Canham-Clyne • May 22, 2023 -
TGI Fridays CEO Ray Blanchette resigns
Rohit Manocha, co-founder of TriArtisan Capital, the primary shareholder of the brand, will fill the role on an interim basis.
By Aneurin Canham-Clyne • May 18, 2023