Company Website:
http://www.rubytuesday.com
MARYVILLE, Tenn. -- (Business Wire)
Ruby Tuesday, Inc. (NYSE: RT) today announced that Jill Golder has been
promoted to Executive Vice President and Chief Financial Officer
effective immediately, succeeding Michael Moore who announced his
retirement. Ms. Golder joined Ruby Tuesday on April 15, 2013 as Senior
Vice President, Finance, initially leading Financial Planning and
Analysis, and Marketing Analytics, and assumed leadership of Information
Technology and Investor Relations during the last year. As Chief
Financial Officer, Ms. Golder will manage all areas of Corporate
Finance, Accounting, Investor Relations, Internal Audit, Supply Chain
and Information Technology. Mr. Moore will remain as an advisor to the
Ruby Tuesday Executive Team and to Ms. Golder to support the transition
until his retirement in August.
Mr. Moore joined Ruby Tuesday as Executive Vice President and Chief
Financial Officer in April 2011. Prior to joining Ruby Tuesday, Mr.
Moore served as Executive Vice President and Chief Financial Officer of
Pamida Stores and Interim Chief Financial Officer of Kellwood, Inc.,
both portfolio companies of Sun Capital Partners.
Ms. Golder has over 25 years of finance and restaurant industry
experience. Prior to joining Ruby Tuesday, she was the Chief Financial
Officer for Cooper’s Hawk Winery & Restaurants. Ms. Golder spent 23
years at Darden Restaurants holding progressively responsible positions
in finance. During her last 10 years with Darden, Ms. Golder held the
position of Senior Vice President, Finance, leading finance for brands
including Olive Garden, Red Lobster, and the Specialty Restaurant Group.
Ms. Golder serves on the University of Tennessee Economics Advisory
Council. She earned a Bachelor of Arts degree with a major in Economics
at Kalamazoo College and a Masters in Business Administration from the
University of Chicago Booth School of Business.
J.J. Buettgen, Chairman of the Board, President and CEO of Ruby Tuesday,
Inc., said, “On behalf of the Board of Directors and the entire Company,
we congratulate Jill on her promotion. Jill has a track record of
partnering with Marketing, Culinary and Operations developing insights
and KPI’s that focus on strengthening sales and building sustainable
business models. With a long tenure of both financial and restaurant
experience, we believe Jill is ideally suited to lead our finance
organization as we continue our brand transformation, and work to build
long-term value for our shareholders. We would also like to thank
Michael for his many contributions to Ruby Tuesday during his tenure,
wish he and his family all the best in retirement, and thank him for
supporting us during this transition.”
ABOUT RUBY TUESDAY
Ruby Tuesday, Inc. has 755 Company-owned, operated, and/or franchised
Ruby Tuesday brand restaurants in 45 states, the District of
Columbia, 11 foreign countries, and Guam, in addition to 28
Company-owned and/or franchised Lime Fresh brand restaurants in five
states, the District of Columbia, and one foreign country. As of March
4, 2014, we owned and operated 679 Ruby Tuesday restaurants and
franchised 76 Ruby Tuesday restaurants, comprised of 31 domestic and 45
international restaurants. We also owned and operated 20 Lime Fresh
restaurants and franchised eight Lime Fresh restaurants, comprised of
six domestic and two international restaurants. Our Company-owned and
operated restaurants are concentrated primarily in the Southeast,
Northeast, Mid-Atlantic, and Midwest of the United States, which we
consider to be our core markets.
Ruby Tuesday, Inc. is traded on the New York Stock Exchange (Symbol: RT).
Special Note Regarding Forward-Looking Information
This press release contains various forward-looking statements, which
represent our expectations or beliefs concerning future events,
including one or more of the following:future financial
performance, future capital expenditures, the effect of strategic
initiatives (including cost-cutting initiatives), sales of our real
estate, future borrowings and repayments of debt, availability of
financing on terms attractive to the Company, compliance with financial
covenants in our debt instruments, restaurant growth (both Company-owned
and franchised), payment of dividends, stock and bond repurchases,
restaurant acquisitions, and changes in senior management and in the
Board of Directors.We caution the reader that a number of
important factors and uncertainties could, individually or in the
aggregate, cause our actual results to differ materially from those
included in the forward-looking statements (such statements include, but
are not limited to, statements relating to cost savings that we estimate
may result from any programs we implement, our estimates of future
capital spending, our targets for annual growth in same-restaurant sales
and average annual sales per restaurant, and the benefits of our
television marketing), including, without limitation, the following:
general economic conditions; changes in promotional, couponing and
advertising strategies; changes in our customers’ disposable income;
consumer spending trends and habits; increased competition in the
restaurant market; laws and regulations affecting labor and employee
benefit costs, including further potential increases in state and
federally mandated minimum wages, and healthcare reform; customers’
acceptance of changes in menu items; changes in the availability and
cost of capital; potential limitations imposed by debt covenants under
our debt instruments; mall-traffic trends; weather conditions in the
regions in which Company-owned and franchised restaurants are operated;
costs and availability of food and beverage inventory; our ability to
attract and retain qualified managers, franchisees and team members;
impact of adoption of new accounting standards; impact of food-borne
illnesses resulting from an outbreak at either one of our restaurant
concepts or other competing restaurant concepts; effects of actual or
threatened future terrorist attacks in the United States; and
significant fluctuations in energy prices.
Contacts:
Ruby Tuesday, Inc.
Jill Golder, 865-379-5700
EVP and Chief
Financial Officer
Source: Ruby Tuesday, Inc.
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