Red Robin Gourmet Burgers Announces Management Changes
June 29 2011 - 9:00AM
Business Wire
Red Robin Gourmet Burgers, Inc., (NASDAQ: RRGB), a casual dining
restaurant chain focused on serving an innovative selection of
high-quality gourmet burgers in a family-friendly atmosphere, today
announced the departures of Katie Scherping, chief financial
officer and senior vice president, and Susan Lintonsmith, chief
marketing officer and senior vice president, effective July 15,
2011. The Company has already initiated searches for their
successors.
"On behalf of the Company, I would like to express
our gratitude to Katie for her contributions and
commitment to Red Robin and to our financial organization," said
Stephen Carley, Red Robin Gourmet Burgers, Inc.’s chief executive
officer. “In addition, I would also like to thank Susan
for her dedication to Red Robin toward increasing the awareness and
value of the brand. We wish both of them the best in their future
endeavors.”
“The entire Red Robin team remains focused on implementing the
initiatives of our strategic plan – Project RED – and working with
a sense of urgency to drive performance improvement and build a
foundation for long-term growth and profitability,” continued Mr.
Carley. “While we are still in the early stages of this effort, we
remain on track for achieving the objectives we identified to
strengthen our business performance and our management team, and
setting a course to become a best-in-class restaurant company.”
Mrs. Scherping’s departure was not related to any disagreement
with the Company’s board of directors, audit committee or the
Company’s auditors.
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 450 Red Robin® restaurants
located across the United States and Canada, including
company-owned locations and those operating under franchise
agreements.
Forward-Looking Statements:
Certain information and statements contained in this press
release, including those regarding the Company’s search for the
executives’ successors, the continued implementation of its
initiatives known as Project Red, and the focus on performance
improvement, are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended and Section
21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements include statements regarding our
expectations, beliefs, intentions, plans, objectives, goals,
strategies, future events or performance and underlying assumptions
and other statements which are other than statements of historical
facts. These statements may be identified, without limitation, by
the use of forward-looking terminology such as “achieve,” “become,”
“growth”, “remain”, or comparable terms or the negative thereof.
All forward-looking statements included in this press release are
based on information available to the Company on the date hereof.
Such statements speak only as of the date hereof and we undertake
no obligation to update any such statement to reflect events or
circumstances arising after the date hereof. These statements are
based on assumptions believed by us to be reasonable, and involve
known and unknown risks and uncertainties that could cause actual
results to differ materially from those described in the
statements. These risks and uncertainties include, but are not
limited to, the following: the ability to timely conclude a
successful search for the executives’ successors; the ability to
effect a smooth transition of the duties and responsibilities of
such executives; the ability to effectively implement strategies
and achieve anticipated revenue and cost savings from Project RED
and other initiatives; uncertainty regarding the economic recovery
and the potential negative effect on consumer confidence and
spending; the adequacy of cash flows generated by our business or
available debt resources to fund operations and growth
opportunities; our ability to achieve and manage our planned
expansion, including both in new markets and existing markets; and
other risk factors described from time to time in the Company’s
10-Q and 10-K filings with the SEC.
Red Robin Gourmet Burgers (NASDAQ:RRGB)
Historical Stock Chart
From Jun 2024 to Jul 2024
Red Robin Gourmet Burgers (NASDAQ:RRGB)
Historical Stock Chart
From Jul 2023 to Jul 2024