Viewpoint
Building a High Performance Culture by Bob Gershberg, CEO & Managing Partner,
Wray Executive Search
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Bob Gershberg
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It is the mission of most leaders to build a high performance culture, particularly when teeing up for substantive growth. The long revered strategic plan may forge a path but truth be told, its course loses direction when the need to scramble rears its head. A strong and focused talent strategy is paramount in creating a high performance culture. People policies drive strategy. Leaders must own employee engagement. Full Article � |
Steve DeSutter will join the company as President and Chief Executive Officer on March 17, 2014.
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Wingstop Restaurants, Inc. announced the appointment of Flynn Dekker as its Chief Marketing Officer to oversee the brand positioning, marketing strategy and advertising execution for the chain's 600+ domestic and international locations. Full Article �
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Famous Dave's announced that Ed Rensi, Director, has been appointed as the Company's Interim Chief Executive Officer, effective immediately. He succeeds John Gilbert, who resigned. Full Article �
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ROTI Mediterranean Grill announced that Carl Segal has been appointed Chief Executive Officer. Full Article �
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Kimberly Grant, former president of Ruby Tuesday, has been named chief operating officer of Jos� Andr�s'sThinkFoodGroup. Full Article �
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SONIC Drive-In announced the hiring of Steve Bailey and Craig Sherwood( another stellar Wray Search placement) as senior directors of franchise sales. Full Article � |
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Capriotti's Sandwich Shop announces the hiring of Quentin Wilson as Director of Marketing(another stellar Wray Search placement).
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McDonald's Corp. has named Deborah Wahl chief marketing officer of its USA division, succeeding Neil Golden.
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January 23, 2014 McDonald's Corporation today announced results for the fourth quarter and year ended December 31, 2013, reflecting higher revenues and earnings per share for both periods compared with the prior year. Full Article �
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Dunkin' Brands reported a 23 percent jump in fourth-quarter profit. The company topped Wall Street expectations for profit and revenue, raised its quarterly dividend 21 percent and announced a two-year share buyback program of as much as $125 million. Full Article �
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Chipotle Mexican Grill, Inc. reported financial results for its fourth quarter and full year ended December 31, 2013. Revenue increased 20.7% to $844.1 million and Comparable restaurant sales increased 9.3%.
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Yum! Brands, Inc. reported results for the fourth quarter ended December 28, 2013, including EPS growth of 4%, or $0.86, excluding Special Items. Reported EPS was $0.70 for the quarter and $2.36 for the year. Full Article �
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Brinker International Reports Increases In Second Quarter Fiscal 2014 EPS And Comparable Restaurant Sales. Sales increased 2.3 percent to $684.4 million and restaurant operating margin improved approximately 30 basis points to 16.0 percent. Full Article � |
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Starbucks Corporation reported financial results for its 13-week fiscal first quarter ended December 29, 2013. Consolidated net revenues increased 12% to $4.2 billion and Global comparable store sales grew 5%, driven by a 4% increase in traffic. Full Article � |
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Bob Evans Farms, Inc. Cites Factors Affecting Fiscal 2014 Third-Quarter Performance. The unusually severe winter weather, particularly in the northern Midwest, the region with the heaviest concentration of Bob Evans Restaurants, has had a significant negative impact on Bob Evans Restaurants' performance throughout the third quarter to date. Full Article � |
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For the fourth quarter fiscal 2013 ended December 31, 2013, the Company expects to report revenues of approximately $199.8 million, an increase of approximately 8%, compared to $184.8 million for the same quarter of the prior year. Full Article � |
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 "Experience is something you don't get until just after you need it."
- Steven Wright
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The Big Apple
Dining Observations by Joe Radice, Vice President, Wray Executive Search
 | | Joe Radice |
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New York City is, arguably, the greatest restaurant town in the world - more exciting than Paris, London, Rome, or Tokyo. This has not always been so, but in the last 20 years, with the emergence of an American cuisine and the increasing sophistication of our palates, this country has flexed its muscles in the world of restaurants. Many of our chefs are now ranked among the finest in the world, and some of the very best compete with each other and their international brethren in this arena called Manhattan. As someone who loves restaurants and dines out frequently, I consider myself fortunate to live in this city. Having said all that, some observations of late, on trends in dining and restaurants, call I believe, for some creative opportunity-taking as we slide into 2014. Full Article �
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Financial Edge
Canary in a coal mine- Jobs report for Feb 2014
by David Ulrich, EVP Wray Executive Search  | | David Ulrich |
The winter season for 2014 has gotten off to a rough start; however there are some encouraging signs to remain hopeful that we've turned the corner to better days ahead for the rest of 2014. Though this past Friday's Job's Report for January was disappointing for many seeking employment, many pointed to the "Polar Vortex" as the root cause for the weak data. Many service related jobs like Construction among others were impacted because the snow and brutal weather conditions impact building schedules etc. Full Article � |
Executive Chat
Executive Chat Featuring Joe Stein, restaurant innovation and finance pro and author of Bottom-Up and Top-Down Innovation by Rebecca Patt, Vice President of Development, Wray Executive Search
Joe Stein blazed a trail in his career at the 430-unit QSR chain El Pollo Loco when he segued from the CFO role in 2009 to become the company's first SVP of Strategy and Innovation. Inspired by everything he learned along the way about how companies can successfully innovate, he wrote the book Bottom-Up and Top-Down Innovation. Full Article �
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Management
Top talent walking out the door? Here's how to get them to stay by Jennifer V. Miller
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"As a leader, you know it the minute your most talented employee walks into your office - she is going to resign. You chastise yourself: why didn't I see it coming? If you are honest with yourself, you know that in some way, you did see it coming. You just didn't take the time to do something about it. Full Article � |
Staffing
2014 Salary Trends that Will Impact Staffing by John Rossheim
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John Rossheim
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How are salary trends likely to scale in 2014? In 2014, merit pay increases for exempt employees will continue in a fairly low range: 2.8 percent to 3.1 percent. That's the consensus of compensation trends predicted by seven organizations surveyed by Kutchins, Robbins & Diamond. Full Article � |
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