Red Robin Gourmet Burgers Inc. said Tuesday it has named an interim chief financial officer to take over for the outgoing Stuart Brown, who is slated to resign July 15. Brands Inc. and PepsiCo. Red Robin Gourmet Burgers and Brews has filled a key vacancy in its executive ranks with the appointment of Lynn Schweinfurth as CFO and EVP.   Executives noted during the company's earning call that they will shift the spotlight to higher-margin, premium burgers to rectify this issue. Chang's continues takeout-only expansion with NYC launch, Report: Winter weather could undo 2M in job gains from August, September, Wisconsin Applebee's franchisee is latest to file Chapter 11, Inside America’s Evolving View of Fats and Oils, Anticipating and Reacting to Ingredient Supply-Chain Disruption, Independent Restaurants in Times of Disruption. Also, as part of her responsibilities, Schweinfurth will oversee the company’s supply chain, an increasingly important role for CFOs. The struggling restaurant chain’s shares fell 1.5% to $32.05 on Thursday after it announced its board had determined that Vintage’s $40-per-share offer was “not in the best interests of all shareholders” and that its strategic plan “positions the company to deliver greater long-term value.”.

50 Broad Street, New York, N.Y. 10004. Red Robin has been renovating and rebranding many of its stores, remodeling more than 150 restaurants in 2015, with plans to renovate 70 in the current year. Red Robin Gourmet Burgers and Brews has filled a key vacancy in its executive ranks with the appointment of Lynn Schweinfurth as CFO and EVP. Contact Ron Ruggless at [email protected], /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png, Lynn Schweinfurth joins company from Fiesta Restaurant Group, © 2020 Informa USA, Inc., All rights reserved, Main Event offers COVID option for blowing out birthday candles, MOD Pizza CEO Scott Svenson on why prioritizing company culture is a secret to success, Wendy’s names Kevin Vasconi chief information officer, Award-winning journalist Soledad O’Brien on the importance of communicating and steps to ensure employee happiness, Touchless tech gets prioritized at restaurant chains during the coronavirus pandemic, Del Taco CEO John Cappasola: ‘Our business has recovered and is now stable’, Still-struggling Dave & Buster’s sales are down 62% in September as company sees slow improvement, The Small Business Administration has just released a simplified loan forgiveness application for PPP borrowers of less than $50,000, Coffee and fruit come together in new ways to share the cup, Allowed HTML tags:

. The free newsletter covering the top industry headlines, Press Release from OnTrend Concepts, LLC, as its new executive vice president and chief financial officer, effective at the end of this month.

She replaces Guy Constant in that role, who is transitioning to chief operating officer. John Mitro: Delta Controls is…, — Interview with Tim Eippert — All Rights Reserved.   on Guy’s focused leadership and clear operational vision will help ensure we serve the needs of Red Robin guests and build our traffic momentum.”.

Notably, Fiesta’s issues don’t seem to be caused by the financial fundamentals overseen by Schweinfurth, but rather by continued traffic declines, which are affecting nearly the entire industry. Competition among burger chains has been intensifying recently with the entry of fast-casual chains such as Shake Shack Inc. and others.

The Greenwood Village, Colo.-based casual-dining brand said Schweinfurth will succeed Guy Constant in the post as of Jan. 28. Schweinfurth officially joins the casual-dining company on Jan. 28. Wendy’s hires former Domino’s executive for tech post, Russian Tea Room's Faith Stewart-Gordon dies at age 88, Blaze Pizza hires a CMO and chief restaurant officer, McDonald’s names Katie Beirne Fallon chief global impact officer. Tim Eippert: MC Group was…, Biscuitville Names New Vice President of Operations, QDOBA Mexican Eats Hires VP of Franchise Development, Biscuitville Founder Maurice Jennings Sr. “We are excited to have Lynn on the Red Robin team and look forward to her contributions in achieving our long-term vision.”. Total company revenues were down 3.5%, while guest checks were also down 1.5% and traffic was down 1.9%. Follow “Paul brings a multi-decade-long track record of substantial shareholder value-creation, as well as a unique combination of operational, brand-positioning, and turnaround expertise, making him ideally suited to lead Red Robin.”. A challenge she’ll face is in breaking down where the opportunities are in the chain's off-premise business. Challenges in Restaurant Facilities Management: How are Facilities Maintenance Teams Responding to COVID-19? Guy Constant, Red Robin’s current executive vice president and chief financial officer, will move to lead company and franchise operations, development and facilities as executive vice president and chief operating officer. Lines and paragraphs break automatically. “We simply didn’t execute as well as we should have,” Post said at the time. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Post said in the wake of Q2 that Red Robin would focus on training and a clearer explanation of how a team approach to service should work. First, her predecessor is staying on at the company, which should provide a smoother transition. Red Robin has a service plan in place to win customers back, which includes some investments that Schweinfurth could be tasked with overseeing, such as new signage and the formation of a catering sales team. Red Robin noted at the time that Constant would remain in his previous CFO post until it found a successor—a move Red Robin expected to take place by early 2019. Red Robin Gourmet Burgers, Inc. (www.redrobin.com) is a casual dining restaurant chain founded in 1969 that operates through its wholly-owned subsidiary, Red Robin International, Inc., and under the trade name Red Robin Prior to Fiesta, Schweinfurth held various senior finance leadership positions at global restaurant companies including Brinker International, Inc., Yum Brands, Inc. and PepsiCo, Inc. Red Robin Gourmet Burgers, Inc. (www.redrobin.com) is a casual dining restaurant chain founded in 1969 that operates through its wholly-owned subsidiary, Red Robin International, Inc., and under the trade name Red Robin Gourmet Burgers and Brews. The restaurant chain said Terry Harryman, currently Red Robin’s chief accounting officer and controller, will take over for Mr. Brown after his departure. Please try again, try another browser, or Click Here to Order Online In September, the company announced Constant would transition into the chief operating officer position. Murphy, currently the executive chairman at Noodles, previously served as CEO of Del Taco Restaurants and Einstein Noah Restaurant Group.

“The board is confident [Murphy] is the right leader to drive the continued transformation of Red Robin and restore the Company to sustainable growth and profitability,” Moore said in a news release. These emerging chains are the growth vehicles to watch—the ones poised to be major industry players in the coming years.

Something went wrong. Her recruitment clears the way for former Red Robin CFO Guy Constant to assume the post of COO, a job left vacant in September by the forced departure of Carin Stutz.

By signing up to receive our newsletter, you agree to our, Press release from Interface Security Systems, announced the news Wednesday in separate press releases, which are affecting nearly the entire industry, holding senior finance leadership positions, Fiesta Restaurant Group’s CFO Leaves for Red Robin, 7 months later: Where the restaurant industry stands, How to make ghost kitchens and virtual brands profitable, How ghost kitchens are helping major restaurants recoup lost revenue, P.F. Food trends and recipes to keep menus fresh, New restaurants and soon-to-open concepts worth monitoring, RB’s exclusive ranking of the highest-grossing independent restaurants, Peter Romeo highlights the moments restaurateurs miss at their own peril, Ideas from the field you may want to borrow. Winsight is a leading B2B information services company focused on the food and beverage industry, providing insight and market intelligence to business leaders in every channel consumers buy food and beverage – convenience stores, grocery retailing, restaurants and noncommercial foodservice – through media, events, data products, advisory services, and trade shows. Schweinfurth previously served as CFO, SVP and treasurer of Fiesta Restaurant Group, where she’s worked since 2012. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year.
“These initiatives are already delivering progress,” it said Thursday. Red Robin Gourmet Burgers Inc. has named Lynn Schweinfurth as chief financial officer and executive vice president, the company said Tuesday.


John Mitro, Delta Controls Ted Stouch, Action Services Group

We are excited to have Lynn on the Red Robin team and look forward to her contributions in achieving our long term vision,” says Denny Marie Post, Red Robin Gourmet Burgers, Inc.’s chief executive officer. Post said in the wake of Q2 that Red Robin would focus on training and a clearer explanation of how a team approach to service should work. However, last month — after missed quarterly estimates caused a 20% drop in stock prices — Fiesta announced it was closing 23 locations. Her recruitment clears the way for former Red Robin CFO Guy Constant to assume the post of COO, a job left vacant in September by the forced departure of Carin Stutz.. Lynn Schweinfurth, the chief financial officer of Fiesta Restaurant Group, is leaving her post to join Red Robin, the companies announced in separate statements Wednesday afternoon.

Carmine J.…, — Interview with Michael Di Taranto —

“We simply didn’t execute as well as we should have,” Post said at the time. Red Robin said Mr. Brown was leaving to pursue an unspecified “opportunity outside the restaurant industry.” Mr. Brown joined Red Robin in 2011.

Registered in England and Wales. Michael Snyder, the former CEO of the Red Robin Gourmet Burgers and Brews restaurant chain, died of a self-inflicted gunshot Sunday at his home …


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