BJRI - BJ's Restaurants Inc. Appoints New Independent Director Brad Richmond | Benzinga
Announces Cooperation Agreement with Fund 1 Investments
Board to Form a Shareholder Value Initiatives Committee to Provide Analysis and Recommendations to Board
HUNTINGTON BEACH, Calif., Feb. 28, 2024 (GLOBE NEWSWIRE) -- BJ's Restaurants, Inc. ("BJ's" or the "Company") (NASDAQ:BJRI) today announced that it has appointed C. Bradford (Brad) Richmond to its Board of Directors (the "Board"), effective immediately. In conjunction with Mr. Richmond's appointment, the Company entered into a cooperation agreement (the "Cooperation Agreement") with Fund 1 Investments, LLC, one of the company's shareholders (collectively with its affiliates, "Fund 1").
Mr. Richmond served as Chief Financial Officer of Darden Restaurants Inc. from 2006 to 2015, where he also served as Corporate Controller from 2005 to 2006. He previously held executive-level finance and strategic planning roles at Red Lobster and Olive Garden. Mr. Richmond also serves on the boards of directors of Coast Entertainment Holdings, a specialty operator of theme parks, tourist attractions, and other leisure facilities, and Qualfon, a global provider of call centers, back office services, and business process outsourcing services. He is experienced in multiple areas relevant to the Company's business, including capital allocation, restaurant operations, and strategic planning.
"We are pleased to welcome Brad, an accomplished public company executive, to the Board," said Gerald ...