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TACO - Red Robin's New CEO: Hired to Stop the Dive
Del Taco Restaurants Inc.
In September, Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) announced the appointment of industry veteran Paul Murphy as its new CEO. Murphy will replace interim CEO Pattye Moore, who held her position since April 2019. Murphy was previously the executive chair of Noodles & Co. Prior to his time at Noodles, Murphy was the CEO for Del Taco Restaurants, Inc.
Struggling Red Robin is looking to Murphy to execute its rebound, who has a proven record of reviving distressed restaurant companies.