Red Robin Announces Stephen E. Carley Will Be Appointed Chief Executive Officer
August 12 2010 - 4:02PM
Business Wire
Red Robin Gourmet Burgers, Inc., (NASDAQ: RRGB) today announced
that Stephen E. Carley will be appointed Chief Executive Officer,
effective September 13, 2010 or such earlier date as may
be agreed upon by the Company and Mr. Carley, implementing the
planned succession of Dennis Mullen. Mr. Carley will also be
appointed to the Board of Directors as of such date. Mr. Carley has
significant experience in the restaurant, food-service and consumer
products industries, including serving as the Chief Executive
Officer and President of El Pollo Loco Inc. since April 2001.
“The Red Robin Board of Directors is pleased that Steve is
joining the Company. Steve brings relevant restaurant and
management experience to our team and we look forward to his future
contributions to the Company,” said Pattye Moore, Red Robin’s Board
Chair.
“I am pleased to join the Red Robin team. This is a great brand
that has a unique position among consumers. I am looking forward to
working with the board and the entire management team to continue
Red Robin’s growth and focus on delivering fun and memorable dining
experiences in an exciting, high-energy, family-friendly
atmosphere,” said Stephen E. Carley.
Prior to El Pollo Loco, Mr. Carley served in various capacities,
including various senior management positions at Taco Bell
Corporation. Earlier in his career, he served as President of
Universal Studios Hollywood Theme Park and Citywalk, a division of
Universal Studios, Inc, and spent several years in brand management
and operations with General Mills, Inc., The Pillsbury Company and
PepsiCo, Inc.
Dennis Mullen will continue to serve as Chief Executive Officer
and a member of the Board of Directors until the effective
date of Mr. Carley’s appointment, at which time Mr. Mullen
will also resign from his board position. “We would
like to thank Denny Mullen for his many contributions to Red
Robin, including bringing stability to the Company in a
difficult situation by his acceptance of the CEO position.
Denny’s leadership and professionalism have been important to the
Company during these turbulent times,” concluded Ms. Moore.
About Red Robin Gourmet Burgers,
Inc. (NASDAQ: RRGB)
Red Robin Gourmet Burgers, Inc. (www.redrobin.com), a casual
dining restaurant chain founded in 1969 that operates through its
wholly-owned subsidiary, Red Robin International, Inc., serves up
wholesome, fun, feel-good experiences in a family-friendly
environment. Red Robin® restaurants are famous for serving more
than two dozen insanely delicious, high-quality gourmet burgers in
a variety of recipes with Bottomless Steak Fries®, as well as
salads, soups, appetizers, entrees, desserts, and signature Mad
Mixology® Beverages. There are more than 440 Red Robin® restaurants
located across the United States and Canada, including
company-owned locations and those operating under franchise
agreements.
Forward-looking statements in this press release are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, and include statements with respect
to the future appointment of Mr. Carley as CEO and a director, and
the anticipated timing as to the CEO transition. Readers are
cautioned that all forward-looking statements are based on
management’s present expectations, estimates and projections, but
involve risks and uncertainty. Please refer to the Company’s report
on Form 10-K for the year ended December 27, 2009 and
subsequent reports on Forms 10-Q and 8-K as filed with the
Securities and Exchange Commission for additional information. The
Company is under no obligation (and expressly disclaims any
obligation) to update or alter its forward-looking statements,
whether as a result of new information, future events or
otherwise.
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