Fridays on hunt for new CEO

7/30/2015

Carrollton, Texas -- TGI Fridays is looking for a new chief executive.



The company announced that Nick Shepherd recently informed the Fridays’ board of his decision to step down as president and CEO, citing that he believes the time is right to pass the torch to a new leader to steer the 50-year-old brand through its next chapter of growth.



Shepherd will continue to actively lead the business through mid-October, and will be working closely with Fridays chairman of the board, John Antioco.



Fridays has launched a search for the successor, which will be led by Sentinel Capital Partners, Fridays majority shareholder. Because it is unlikely a new CEO will be in place prior to Shepherd leaving the business, Antioco will serve as interim CEO at that time.



"During my six years leading this amazing business, we have deepened the culture, upgraded the talent, measurably improved our guest quality, established solid operating numbers and expanded our international footprint," said Shepherd.


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