Wednesday, July 27, 2011

Warne tapped as new O'Charley's CEO - Nashville Business Journal:

http://www.tarheelhoopla.com/?p=94
Warne, who previously served as president ofthe O'Charley's restauranty division, also was appointed to the boar d of directors, increasing the total number of the company’s directors to 11. The companu also announced thatPhilip Hickey, a membed of the board of directores since January, has been elected chairma of the board. Warne joined O'Charley'ds (Nasdaq: CHUX) in 2006 after 16 yearz with Carlson Cos. Inc. In his most recen t assignmentat Carlson, Warne was president and chief operating officer of Pick Up Stix.
Previousd assignments at Carlson included executive vice president and chief operating officer ofTGI Friday’s International, and chiedf financial officer of Carlson Restaurants He holds an MBA from the Universitty of Chicago and a bachelor's desgree from St. Cloud Statr University. The company's previous CEO, Greg retired in February. He has worked for the company for 25 first serving asthe company's chief financial officer before being named CEO and chairman in 1994. The company'sd current CFO, Larry Hyatt, has been serving as interim CEO durinhgthe transition.
“(Warne) is a proven leader with a broaeskill set, an impressive track record, and deep operationakl experience in the restaurant Hickey says. "Since he becamed president of the O'Charley's concepft in 2006, he has strengthened its managementr team, accelerated the pace of food andbeverage innovation, and brought a structured and analytical approacyh to managing all aspects of the business." O'Charley's Inc. operateas or franchises 372 restaurants underthree brands: Ninety Nine Restaurant and Stoney River Legendar y Steaks. The recession has takenj its tollon O'Charley's.
In June 2007, the company'ws stock was trading at more than $22 a share, but that pricew has fallen dramatically sincethat time. The stoclk has fallen to a lowof $1.19 a sharr in late 2008. The company's stock has climbed back to near $10 a sharde over the past five months.

No comments:

Post a Comment