Fiesta Restaurant Group, Inc. Announces Resignation of Chief Financial Officer
January 02 2019 - 4:45PM
Business Wire
Company Commences Formal Search for
Replacement
Fiesta Restaurant Group, Inc. (“Fiesta” or the “Company”)
(NASDAQ: FRGI), parent company of the Pollo Tropical® and Taco
Cabana® fast-casual restaurant brands, today announced that Lynn
Schweinfurth, Chief Financial Officer, Senior Vice President, and
Treasurer, has resigned effective January 25, 2019 to pursue
another career opportunity.
Cheri Kinder, Vice President, Corporate Controller and Chief
Accounting Officer, will assume the position of Interim Chief
Financial Officer and Treasurer upon the effective date of Ms.
Schweinfurth’s departure. The Company has commenced a formal search
for a new permanent Chief Financial Officer.
Fiesta President and Chief Executive Officer Richard Stockinger
said, "On behalf of the entire Company, I would like to thank Lynn
for her many contributions to Fiesta and wish her much success in
her new position. As Interim CFO, I am confident Cheri’s leadership
will effectively guide us during the search process.”
Lynn Schweinfurth added, "My experience at Fiesta has been
tremendous and I have had the opportunity to work with such a
passionate group of people at these iconic restaurant brands. I
will miss the Fiesta team and I look forward to seeing the
execution of the long-term strategy upon the recent implementation
of the Renewal Plan.”
About Fiesta Restaurant Group, Inc.
Fiesta Restaurant Group, Inc. is the parent company of the Pollo
Tropical® and Taco Cabana® restaurant brands. The brands specialize
in the operation of fast-casual restaurants that offer distinct and
unique tropical and Mexican inspired flavors with broad appeal at a
compelling value. For more information about Fiesta Restaurant
Group, Inc., visit the corporate website at www.frgi.com.
Forward-Looking Statements
Matters addressed in this news release may contain
forward-looking statements. Forward-looking statements, written,
oral or otherwise made, including the results of our CFO search,
represent Fiesta's expectation or belief concerning future events.
Without limiting the foregoing, these statements are often
identified by the words "may," "might," "believes," "thinks,"
"anticipates," "plans," "expects," "intends" or similar
expressions. In addition, expressions of Fiesta's strategies,
intentions or plans are also forward-looking statements. Such
statements reflect management's current views with respect to
future events and are subject to risks and uncertainties, both
known and unknown. You are cautioned not to place undue reliance on
these forward-looking statements as there are important factors
that could cause actual results to differ materially from those in
forward-looking statements, many of which are beyond Fiesta's
control. Investors are referred to the full discussion of risks and
uncertainties as included in Fiesta's filings with the Securities
and Exchange Commission.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190102005328/en/
Investor Relations Contact:Raphael
Gross203-682-8253investors@FRGI.com
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