Noodles & Company Builds Senior Leadership Team to Support Accelerated Growth Objectives
March 03 2021 - 4:05PM
Noodles & Company (NASDAQ: NDLS) has promoted three members of
its leadership team into expanded roles to drive
the Company’s accelerated growth objectives,
including system-wide unit growth of at least 7% annually
beginning in 2022, average unit volumes of $1.45 million by 2024,
and restaurant contribution margin of 20% by 2024.
Dave Boennighausen, Chief Executive Officer at Noodles
& Company, noted: “Our people-oriented strategy, continued
operational excellence, and guest focused technological innovation
is foundational to achieving our accelerated growth objectives.
With these promotions, coupled with our bench strength in marketing
and finance, we have built one of the best executive teams in the
industry. The Noodles leadership team is strong, aligned and
laser-focused on achieving our vision.”
Brad West has been promoted to Chief
Operating Officer. In September 2017, Brad joined
Noodles as Executive Vice President of Operations with
more than 40 years of operations experience. In his new role
as Chief Operating Officer, Brad will continue to
oversee the Company’s operations and training organization, as
well as broaden his purview to oversee the franchise
operations support program and the rollout of new
kitchen upgrades. His role will be integral to the
success of new unit growth, an area where he has already
supported outstanding results with new restaurants being
the best performing class in the Company’s history. Brad’s
prior experience includes serving
as Vice President of
Operations at Smoothie King Franchisees, Inc.
Sue Petersen has been promoted to
Executive Vice President of Inclusion, Diversity and
People. Sue joined Noodles in February of 2015
as vice president of human resources, and in
her expanded role, she will continue to spearhead
the Company’s inclusion and diversity initiatives,
as well as its total rewards, recruitment, and human resources
functions. Sue’s consistent focus on creating a welcoming
and supportive environment has improved manager tenure and
turnover, outperforming industry benchmarks. Sue’s experience
includes over 20 years of human
resource and operational leadership roles at brands such as
Chipotle, Walgreens and Rock Bottom Restaurants.
Corey Kline has been promoted to
Executive Vice President of
Technology. Corey joined Noodles &
Company in September of 2011 and has held
leadership roles in the IT function, most recently
as Vice President of Information Technology
since July of 2016. Corey’s forward-looking approach to
technology and governance has been
instrumental in building the Company’s robust
digital consumer platform as well as spearheading
the Company’s efforts around a strong data security
& compliance ecosystem.
About Noodles & Company
Since 1995, Noodles & Company has been serving noodles your
way, with noodles and flavors that you know and love to new ones
you're about to discover. From indulgent Wisconsin Mac & Cheese
to better-for-you Zoodles, Cauliflower Noodles and Cauliflower
Gnocchi, the Company serves a world of flavor in every bowl. Made
up of more than 450 restaurants and 8,000 passionate team members,
Noodles was named one of the Best Places to Work by the Denver
Business Journal for its unique culture built on the value of
"Loving Life," which begins by nourishing and inspiring every team
member and guest who walks through the door. To learn more or find
the location nearest you, visit www.noodles.com.
Forward-Looking StatementsThis
press release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995
that involve risks and uncertainties. In some cases, you can
identify forward-looking statements by terms such as "may,"
"might," "will," "objective," "intend," "should," "could," "can,"
"would," "expect," "believe," "design," "estimate," "predict,"
"potential," "plan" or the negative of these terms, and similar
expressions intended to identify forward-looking statements. These
statements reflect the Company's current views with respect to
future events and are based on currently available operating,
financial and competitive information. Examples of forward-looking
statements include all matters that are not historical facts, such
as statements regarding the Company's future financial performance
and system-wide unit growth, including in light of management
changes. The Company's actual results may differ materially from
those anticipated in these forward-looking statements due to
reasons including, but not limited to those discussed in the
Company's filings with the Securities and Exchange Commission,
including in its Annual Report on Form 10-K for the year ended
December 29, 2020. These forward-looking statements involve known
and unknown risks, uncertainties and other factors that may cause
the Company's actual results, performance or achievements to be
materially different from any future results, performances or
achievements expressed or implied by the statements. Also, the
forward-looking statements contained herein represent the Company's
estimates and assumptions only as of the date hereof. Unless
required by United States federal securities laws, the Company does
not intend to update any of these forward-looking statements to
reflect circumstances or events that occur after the statement is
made.
Media Contact: Danielle Moore;
Press@Noodles.com
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