April 6, 2011
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Wood Stone Announces Changes to Management Team
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Wood Stone Corp., a Bellingham, Wash.-based foodservice equipment manufacturer announced a series of changes to its management team. Keith Carpenter was named chief executive officer and Harry Hegarty chief operating officer. In addition, Wood Stone appointed longtime employees Wade Bobb to president of engineering, manufacturing and IT and Kurt Eickmeyer to president of sales and marketing.
Real Mex Restaurants Appoints David Goronkin CEO
Real Mex Restaurants, Inc. appointed David Goronkin as president and chief executive officer and chairman of the board, effective June 1. He replaces outgoing CEO Dick Rivera, who fulfilled a two year contract with RMR .
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Hoshizaki Expand’s Leader’s Role
Christopher Leader was named president of Hoshizaki America and president of Hoshizaki USA Holdings Inc .
FEDA Names New Board Members
The Foodservice Equipment Distributors Association announced a series of updates to its Executive Committee and Board of Directors. Specifically, Stephen McGarry of Paramount Restaurant Supply Corp. is the association’s president, replacing Kimberly Gill Rimsza of TriMark Gill Marketing, who becomes FEDA’s chairman of the board.
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Restaurant Operators to Increase Capital Expenditures, M&A Activity
In spite of margin pressures caused by rising commodity prices, the foodservice industry should also see increasing capital expenditures as well as strong merger and acquisition activity this year, according to the 21st edition of the Chain Restaurant Industry Review, released by GE Capital, Franchise Finance.
Chain Restaurant Operating Report
Bankruptcy, a possible acquisition, financial reporting and expansion updates are all part of this week's chain restaurant news.
Foodservice Industry Outlook Shows Improvement
The National Restaurant Association’s Restaurant Performance Index (RPI) – a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry – stood at 100.7 in February, up 0.4 percent from its January level. This is the fifth time in the past six months the RPI posted a score of more than 100, signaling expansion in this index of key foodservice industry indicators.