Del Taco Restaurants, Inc. Promotes Chad Gretzema to Chief Operating Officer
September 16 2019 - 5:15PM
Business Wire
Del Taco Restaurants, Inc. (“Del Taco” or the “Company”),
(NASDAQ: TACO), the third largest Mexican-American quick service
restaurant chain by units in the United States, today announced the
promotion of Chad Gretzema to Chief Operating Officer, a new
leadership role at the Company.
John D. Cappasola, Jr., President and Chief Executive Officer of
Del Taco, commented, “Chad brings a wealth of restaurant experience
to his new position as Chief Operating Officer, having successfully
led strategic planning, innovation, operations support, training
and our facilities support over the past seven years. Chad has been
a key architect of many of our strategic combined solutions
operational improvement efforts and is a trusted partner within the
organization who knows how to help teams deliver superior results.
He has also been a passionate voice, ensuring strong
cross-functional franchise support and enabling our franchise
partners to successfully grow their businesses. The role of Chief
Operating will further our focus on great four wall operations and
I believe that Chad will lead our restaurant teams and the brand to
even greater success.”
Chad Gretzema, Chief Operating Officer, added, “Del Taco is an
iconic brand with some of the most passionate and talented teams I
have worked with during my career. I am committed to helping our
restaurant teams and our franchisees grow their businesses and look
forward to providing them even greater support in this new
role.”
Mr. Gretzema has been with Del Taco since 2012 and was most
recently Senior Vice President, Strategic Planning &
Innovation, having previously served as Senior Vice President,
Operations Support and Engagement. Earlier in his career, he held
positions in operations, training, and marketing at Einstein Noah
Restaurant Group, Phoenix Children’s Academy, Noodles &
Company, and Oscar Mayer Foods. Mr. Gretzema received a Bachelor of
Arts in Journalism and Psychology from Indiana University,
Bloomington.
About Del Taco Restaurants, Inc.
Del Taco (NASDAQ: TACO) offers a unique variety of both Mexican
and American favorites such as burritos and fries, prepared fresh
in every restaurant's working kitchen with the value and
convenience of a drive-thru. Del Taco's menu items taste better
because they are made with quality ingredients like fresh grilled
chicken and carne asada steak, hand-sliced avocado, hand-grated
cheddar cheese, slow-cooked beans made from scratch, and creamy
Queso Blanco. Del Taco’s new advertising campaign, “Celebrating the
Hardest Working Hands in Fast Food,” further communicates the
company’s commitment to providing guests with fresh, quality food
prepared by hand every day. Founded in 1964, today Del Taco serves
more than three million guests each week at its more than 580
restaurants across 14 states. For more information, visit
www.deltaco.com.
Forward-Looking Statements
In addition to historical information, this release may contain
a number of “forward-looking statements” as defined in the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include, without limitation, information concerning Del
Taco’s possible or assumed future results of operations, business
strategies, competitive position, industry environment, potential
growth opportunities and the effects of regulation. These
statements are based on Del Taco’s management’s current
expectations and beliefs, as well as a number of assumptions
concerning future events. When used in this press release, the
words “estimates,” “projected,” “expects,” “anticipates,”
“forecasts,” “plans,” “intends,” “believes,” “seeks,” “target,”
“may,” “will,” “should,” “future,” “propose,” “preliminary,”
“guidance,” “on track” and variations of these words or similar
expressions (or the negative versions of such words or expressions)
are intended to identify forward-looking statements. Such
forward-looking statements are subject to known and unknown risks,
uncertainties, assumptions and other important factors, many of
which are outside Del Taco’s management’s control that could cause
actual results to differ materially from the results discussed in
the forward-looking statements. These risks include, without
limitation, consumer demand, our inability to successfully open
company-operated or franchised restaurants or establish new
markets, competition in our markets, our inability to grow and
manage growth profitably, adverse changes in food and supply costs,
our inability to access additional capital, changes in applicable
laws or regulations, food safety and foodborne illness concerns,
our inability to manage existing and to obtain additional
franchisees, our inability to attract and retain qualified
personnel, our inability to profitably expand into new markets,
changes in, or the discontinuation of, the Company’s repurchase
program, and the possibility that we may be adversely affected by
other economic, business, and/or competitive factors. Additional
risks and uncertainties are identified and discussed in Del Taco’s
reports filed with the SEC, including under Item 1A. Risk Factors
in our Annual Report on Form 10-K for the year ended January 1,
2019, and available at the SEC’s website at www.sec.gov and the
Company’s website at www.deltaco.com.
Forward-looking statements included in this release speak only
as of the date of this release. Del Taco undertakes no obligation
to update its forward-looking statements to reflect events or
circumstances after the date of this release or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190916005857/en/
Investor Relations: Raphael Gross (203) 682-8253
investor@deltaco.com
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