Wray Newsletter Masthead

Executive Movements

Red Robin Gourmet Burgers and Brews Appoints Carin Stutz as Executive Vice President and Chief Operating Officer.
Full Article »

Dunkin' Brands Announces 2017 Retirement of Paul Twohig(another stellar Wray Search placement), President, Dunkin' Donuts U.S. and Canada.
Full Article »

Smashburger named Michael Nolan the chain's new chief executive officer and president.
Full Article »

Greg Dollarhyde stepped down as CEO of Veggie Grill. Steve Heeley, the company's chief operating officer, will take his place.  Full Article »

David Gibbs Named President and Chief Financial Officer for Yum! Brands.  Full Article »

El Pollo Loco Names John Dawson Chief Development Officer.
Full Article »

Jill Golder Named Chief Financial Officer for Cracker Barrel Old Country Store, Inc. Full Article »

CraftWorks Restaurants & Breweries Names Mark Belanger Vice President Of Global Franchise Operations And Development.
Full Article »

The Wendy's Company Announces Gunther Plosch To Become Chief Financial Officer.
Full Article »

More Executive Movements »

Financial Overview

The Wendy's Company Reports Strong First-Quarter 2016 Results.
 Full Article »

Papa Murphy's 1Q net income plunges 75%.
 Full Article »

Chipotle Mexican Grill, Inc. First Quarter 2016 Revenue Down 23.4 Percent. Full Article »

Panera Bread Co. profit increased 10.1 percent in the first quarter . Full Article »

Del Taco Restaurants, Inc. Announces Fiscal First Quarter 2016 Financial Results.
Full Article »

The Cheesecake Factory Reports Results for First Quarter of Fiscal 2016. 
Full Article »

McDonald's Reports First Quarter 2016 Results.
Full Article »

Buffalo Wild Wings, Inc. Announces First Quarter Earnings Per Share of $1.73.
Full Article »

Starbucks Reports Record Q2 Financial and Operating Results.
Full Article »

Bob Evans Farms Announces Closure of 27 Restaurants.
Full Article »

More Financial News »

Big News
Krispy Kreme to be Acquired by JAB Beech for $21 Per Share in Cash WINSTON-SALEM, N.C.--(BUSINESS WIRE)-- Krispy Kreme Doughnuts, Inc. (NYSE: KKD) ("Krispy Kreme" or the "Company") and JAB Beech Inc., an indirect controlled subsidiary of JAB Holding Company ("JAB") in which BDT Capital Partners is a minority investor alongside JAB, today announced that the companies have entered into a definitive merger agreement under which JAB Beech will acquire Krispy Kreme for $21 per share in cash, or a total equity value of approximately $1.35 billion. The agreement, which has been unanimously approved by Krispy Kreme's Board of Directors, represents a premium of approximately 25% over the Company's closing stock price on May 6, 2016.  Full Article »

Hire Attitude!
by Bob Gershberg, CEO/Managing Partner Wray Executive Search
Bob Gershberg

The etymology of the word attitude is French, from Italian attitudine, literally, aptitude. Having morphed over the years, attitude is currently defined by Webster's as follows:
1. a position assumed for a specific purpose
2. a: a mental position with regard to a fact or state
    b: a feeling or emotion toward a fact or state
3. a: a negative or hostile state of mind
    b: a cool, cocky, defiant, or arrogant manner

Define it as you may, one thing is for sure, attitude cannot be taught. We can modify behavior but not teach attitude. During the 80's, we restaurant operators were fond of hiring the "champagne" personality, albeit the bubbly got a bit flat during tighter talent pool periods. Skills and competencies can be developed, but only those team members with the right attitude will thrive. Moreover, passion and commitment often trump education and experience in the service sectors. While compiling the success factors required for a position, it is crucial to focus on the soft skills as well as the hard.  
Full Article »

"You don't learn to walk by following rules. You learn by doing and falling over."  

- Sir Richard Branson, Virgin Group founder 

"What do you need to start a business? Three simple things: know your product better than anyone. Know your customer, and have a burning desire to succeed." 

 - Dave Thomas, Wendy's founder

Did the Industry Need to Discount in the Fall of 2015?
by John A. Gordon, principal and founder of Pacific Management Consulting Group
John A. Gordon

During 2015, Emil Brolick, the Wendy's (WEN) CEO noted concern on its quarterly calls that its research showed that the number of "most value seeking customers" had fallen off and represented an issue and an opportunity. Wendy's then broadened and enhanced its value menu line and in October, rolled out its 4 for $4 bundled offer, consisting of junior burger, nuggets, french fries and a small drink. Predictably, the other QSR burger chains add piled on with their own discounting efforts, including, McDonald's (MCD) McPick 2 for 2, Burger King's 5 for $4 platform, $.99 doggies at Sonic (SONC). In its Investor Day, Brolick reminded us of the NPD data that 79% of restaurant transactions in the US are under a $10 check.  Full Article »
Financial Edge
The Talent Squeeze
by David Ulrich, EVP Wray Executive Search

David Ulrich
I've mentioned in previous articles that the epicenter of US economic trends has been primarily based upon three key generations and their consumption and employment patters; the Baby Boomers, the Gen-Xer's, and the Millennials. Even though the economic recovery since the Great Recession has been less than stellar, the next five years will change drastically due to the talent squeeze that has begun at the executive levels for all companies in the US. This transition started late in 2015 as companies prepared for succession planning, and are seeking leaders that have "run way" who have fifteen to twenty years left in their careers. The challenge is that the talent pool is significantly less, since for every one Boomer, there is one half as many Gen-Xer's available to be recruited and hired.
Full Article »

Executive Chat with Tim Pulido, President & CEO Campero USA & International
by Rebecca Patt, SVP Development, Wray Executive Search

Rebecca Patt
Campero USA is the franchisor in the US for the Guatemalan-based chicken concept Pollo Campero. In Guatemala and El Salvador, Pollo Campero is the number one QSR chain. It was started in 1971 by the Gutiérrez family and is now a division of CMI, Corporacion Multi Inversiones, a $3b company with six different divisions. 
Full Article »
Talent Matters
PXT SELECT™ - A Dramatically New Approach to Assessment
by Tom Rollert, Vice President of Culture Integration, Wray Executive Search

Tom Rollert
Wiley Publishing will soon be adding significant increased value to the Profile XT assessment family of tools that we offer to Wray Executive Search Clients. The PXT SELECT™ is currently in advanced Beta testing and promises to be a simpler and even more effective tool to be used both in candidate selection and in leadership development and team building once the candidate is on your team.  
Full Article »

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