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Restaurant Loans & Financing |
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Restaurant Industry News
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Friday November 21st, 2008 |
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Mexican Restaurants, Inc. Names New Director
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Mexican Restaurants, Inc. (NASDAQ:CASA) today announced that Lloyd Fritzmeier has joined MRI's Board of Directors, replacing J. Stuart Sargent, who resigned from the Board to devote his full-time efforts to the development of his existing restaurant concept, Truluck's Steak & Stone Crab Restaurants. |
Mr. Fritzmeier's background includes extensive experience in the restaurant industry, formerly serving as Chief Operating Officer of Garden Fresh Restaurant Corporation, and President and Chief Executive Officer of Arby's Franchise Association. Mr. Fritzmeier will serve on the Company's Audit Committee.
"Lloyd brings a new skill set to our Board, augmenting what is already a very impressive lineup of Board members," stated Mr. Neeb, Chairman of the Board. "Lloyd's extensive marketing and operating experience has given him particularly keen interest in our new growth concept, Mission Burritos." Mr. Neeb added, "The Board will miss Mr. Sargent's entrepreneurial spirit and all of us wish him continued success with his Truluck's Steak & Stone Crab Restaurants."
Mexican Restaurants, Inc. operates and franchises 78 Mexican restaurants. The current system includes 58 company-operated restaurants, 19 franchise-operated restaurants and one licensed restaurant.
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