Red Robin interim CEO Pattye Moore to retire
Board chair will step down when permanent CEO is named; company appoints 3 new directors
Ron Ruggless, Nation's Restaurant News
Aug 06, 2019
Red Robin Gourmet Burgers Inc.’s interim CEO and board chair Pattye Moore will retire from both positions when a new CEO is named, the company said Tuesday, and three new independent board members have been named.
The Greenwood Village, Colo.-based casual-dining brand has been under pressure from activist investor Vintage Capital Management LLC, which in July made a formal offer to buy the company for $40 per share. Vintage said it holds an 11.6% stake in the company.
Red Robin’s board on Tuesday said it had appointed Tom Conforti, G.J. Hart and David Pace as new independent directors, effective immediately.
As part of what Red Robin called a “board refresh,” the company said Moore would retire after a CEO transition and board member Stuart Oran had decided not to stand for re-election at the 2020 annual shareholder meeting.
“We are pleased to welcome three highly experienced and seasoned industry veterans as new independent directors on the Red Robin Board,” said Moore in a statement.
“The board has been engaged in a process to identify new directors who would bring additional skills and expertise to enhance Red Robin’s opportunities and success,” she said...
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