Wray Newsletter Masthead

"Option A is not available. So let's kick the shit out of option B."
- Facebook COO Sheryl Sandberg

"The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn"
- Alvin Toffler

Executive Movements

Zoe's Kitchen, Inc., announced that Sunil M. Doshi has been named the Company's Chief Financial Officer, effective October 6, 2015.
Full Article »

With hopes of improving its mobile presence, fast-casual chain Chipotle Mexican Grill announced on Monday they've hired the company's first chief information officer. The Denver-based Mexican restaurant chain has tapped Curt Garner, who held the same role at the Seattle-based coffee chain Starbucks, for the position.
Full Article »

Starbucks Corporation announced it has appointed Gerri Martin-Flickinger as chief technology officer effective Nov. 2.
Full Article »

The Wendy's Company today announced that President and Chief Executive Officer Emil Brolick plans to retire from management duties with the Company in May 2016. He is expected to be succeeded in the President and CEO role by current Executive Vice President, Chief Financial Officer and International Todd Penegor. Full Article »

McDonald's (NYSE: MCD) announced that the Board of Directors has appointed two new senior management positions to drive the company's turnaround efforts.
Full Article »

Logan's Roadhouse® today announced David Spirito as Vice President of Food & Beverage. Spirito will lead the company's overall product research and development strategy, direction and processes.
Full Article »

More Executive Movements »

Financial Overview

Ruby Tuesday, Inc. reported financial results for the fiscal first quarter ended September 1, 2015. Net Loss was $4.2 million or ($0.07) per share. Adjusted Net Loss* was $1.6 million or ($0.03) per share. Full Article »

Yum! Brands Reports Third-Quarter EPS Growth of 14%, Excluding Special Items; China Sales Recovery Continues Although Slower-than-Expected Pace and Stronger Foreign Exchange Headwinds Result in Lower Profits. Full Article »

Domino's Pizza, Inc. announced results for the third quarter of 2015, comprised of strong same store sales results and store count growth.  Full Article »

Cracker Barrel Old Country Store, Inc (Nasdaq: CBRL) reported its financial results for the fourth quarter and for the fiscal year ended July 31, 2015.  Full Article »

Sonic Celebrates 7.3% Same-Store Sales Growth for Fiscal 2015.
Full Article »

More Financial News »

Big News

Smashburger sells 40% stake to Jollibee Foods


Denver-based fast casual restaurant Smashburger has agreed to sell 40% of the company to Philippines-based Jollibee Foods Corp. pse:jfc  according to a statement. The deal values Smashburger at $335 million. Jollibee operates a global network of 3,000 restaurants including Jollibee, Red Ribbon, Chowking and Burger King Philippines. It is the largest restaurant chain in Asia, according to a release. Smashburger launched in 2007 and has more than 335 corporate and franchised restaurants in 35 states and seven countries. About 60% of its restaurants are company owned and operated.   Full Article » 

A-Players: Recruiting, Hiring, Engaging and Retaining Them
by Bob Gershberg, CEO/Managing Partner Wray Executive Search
Bob Gershberg

In an era when truly exceptional high skill workers are becoming a scarce resource, it is imperative to recruit, hire and engage the best and the brightest. According to Bain & Company's Organization practice, the following are varied industry examples of how star performers sharply outperform others:

The best sales associate at Nordstrom's sells eight times as much as the average sales associate at other department stores.

The best blackjack dealer at Caesars Palace in Vegas keeps his table playing 5 times as long as the average dealer on the Strip.

The best developer at Apple is at least nine times as productive as the average software engineer at other tech companies.

The best transplant surgeon at a top-notch medical clinic has a success rate at least six times that of the average transplant surgeon.

The best fish butcher at Le Bernardin in New York can portion as much fish in one hour as the average prep cook can manage in three hours.
Coffee Talk
How Not to Run a Coffee Shop
by Rebecca Patt, SVP Development, Wray Executive Search
Rebecca Patt

Over the last few weeks, a deluge of drama erupted in my hometown of Asheville, NC, because of two sexist coffee shop owners who ignited a firestorm of protest, made international news, and rallied the community to nearly run them out of town with pitchforks. Within two-and-half weeks, the men lost their business and made way for the expansion of a competing business.  Full Article »
The Big Apple
West Side Story
by David Ulrich, EVP Wray Executive Search
Joe Radice

A lot has been happening to real estate development on the west side of Manhattan. The current action is taking place on the Hudson River shoreline of Chelsea, on abandoned piers and above existing rail tracks, in what is now called the Hudson Yards neighborhood, defined as between 28th Street and the Jacob Javits Convention Center's northern border on 40thStreet.  Full Article »
Financial Edge
New Cycle of Franchisee Expansion
by David Ulrich, EVP Wray Executive Search
David Ulrich

Now that credit markets are showing signs of life again and lending to the restaurant industry is showing signs of major growth. Look at the success the Cypress Group is having with selling all the Wendy's units this summer and fall, and combine that with the aging multi-unit franchisees that are looking to retire or sell their viable businesses during the rest of this decade.  Full Article »
Talent Matters
The Evolution Of Talent Management Consulting - Part I of a two part series
by Tom Rollert, Vice President of Culture Integration Wray Executive Search
Tom Rollert

The days of using "Talent Management" as a generic term for a set of loosely-related HR activities have passed. Nowadays, successful organizations have focused their talent management activities-recruiting, hiring, onboarding, performance management, employee development, team building, and succession planning- into a tight-knit "strategic workforce plan," which seeks to optimize business processes, people development, and productivity via robust employee assessments and an ever-growing field of professional talent management consultants. Full Article »
Partnerships: Some Good Information
by Greg Sausaman, President/COO Topper's Creamery
Greg Sausaman

One of the most challenging aspects of owning your own business is working with a partnership. There are lots of different kinds of partnerships that you may consider.
  • Marriages are partnerships, if you will both be working in your Topper's Creamery Shoppe together.
  • Financial partnerships where one operates, the other(s) invest.
  • Friendships are often made into partnerships, but they don't always work.
  • Multiple Operating Partners who both work in your Topper's Creamery Shoppe together. Full Article »

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