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Restaurant Industry News
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Friday November 21st, 2008 |
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Mexican Restaurants, Inc. CEO Curt Glowacki Resigns
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Board Appoints Lou Neeb CEO; Lou Porry to Expand Role |
Mexican Restaurants, Inc. ('MRI') (NASDAQ:CASA) Board of Directors announced today that Curt Glowacki has stepped down as President and Chief Executive Officer effective December 15, 2006 to accept a senior position with another company. Lou Neeb, MRI Chairman of the Board, has been named Chief Executive Officer. Lou Porry, an MRI director of operations for the last 15 years, has been named Chief Operating Officer effective immediately.
"Curt has been a major contributor to MRI for over 20 years and we thank him for his years of valuable service," stated Mr. Neeb. "His passionate leadership will leave an indelible impact on the Company long after he's gone. His disciplined approach to people, service and profits has enabled the Company to grow and build a strong foundation for future growth. We wish him well in his future endeavors,' said Neeb, on behalf of the Board.
'It was a difficult decision to leave this great Company, but after significant consideration, my family and I have decided it was time to pursue other interests,' said Mr. Glowacki. 'I continue to believe in MRI's people and plans for the fast casual and casual dining segments. I leave knowing that MRI is in great hands and well positioned to deliver upon their strategic goals.'
Mr. Porry, a 37 year veteran of the restaurant industry, will join Mr. Neeb, Andrew Dennard, Executive Vice President and Chief Financial Officer, Dennis Vegas, Senior Vice President and Chief Marketing Officer, and Nancy Cross, Vice President Human Resources, on MRI's Executive Committee.
Mexican Restaurants, Inc. operates and franchises 81 Mexican restaurants. The current system includes 62 company-operated restaurants, 18 franchise-operated restaurants and one licensed restaurant.
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