Q2 2014 Einstein Noah Restaurant Group Inc. Earnings Conference Call
July 31, 2014 @ 4:30 PM ET
Frank G. Paci
President and Chief Executive Officer
Mr. Paci was appointed President and Chief Executive Officer in September 2014. Mr. Paci, an accomplished executive with over 25 years of experience leading top retail brands, has a proven track record of success leading consumer growth companies, having most recently served as President and CEO at McAlister’s Deli, a 300 plus unit fast casual concept, since September 2010. During his tenure at McAlister’s, the concept earned national recognition in the fast-casual segment and generated over three years of same stores sales increases.
Prior to McAlister’s, Mr. Paci was Executive Vice President and Chief Financial Officer at The Pantry, Inc., a convenience store chain with over 1,500 locations. Mr. Paci also held various general management, finance, and franchise sales positions with Pizza Hut and Burger King. He received a Bachelor’s in economics from Yale University and an MBA from University of Pittsburgh’s Joseph M. Katz Graduate School of Business with a concentration in finance.
Chief Financial Officer
Mr. Coletta was appointed Chief Financial Officer in September 2013 and has over 25 years of experience in finance, strategy and executive management in restaurants, hospitality, retail & development. Most recently, he was the Chief Financial Officer at Quiznos, a restaurant concept with 3,000 units across 33 countries, where he also served as President of the Food Division. In addition to his finance experience, Mr. Coletta has a broad base of experience in supply chain management, optimizing cash management and improving the supply processes along with strategies to improve food quality, cost and distribution reliability.
Mr. Coletta’s prior roles include Chief Financial Officer at Real Goods Solar, a leading publicly traded, U.S. solar integration company with retail consumer facing operations; Chief Financial Officer/President at Cartridge World, a global franchising retail company with operations in more than 63 countries; and Chief Financial Officer/Chief Administrative Officer at Rock Bottom Restaurants, Inc., a formerly public, multi-brand national restaurant company that owns Old Chicago, Rock Bottom, Chophouse, Sing Sing and Boulder Beer. Mr. Coletta began his career at Arthur Andersen LLP where he spent nearly a decade in its Audit and Business Advisory Division and received a Bachelor of Science in Accounting from Loyola Marymount University.
D. Glenn Lunde
Chief Concept Officer
Mr. Lunde has over 20 years of experience in developing and executing marketing strategies, product development and concept innovation for a variety of restaurant companies.
Prior to joining Einstein Noah Restaurant Group, Mr. Lunde served as senior vice president, chief guest officer for Panda Restaurant Group, Inc. which includes Panda Express, Panda Inn, and Hibachi-San, where he was responsible for marketing, concept innovation, product development and food safety/quality assurance. Previously, Mr. Lunde served as senior vice president, chief concept officer for Round Table Pizza Inc, following eight years at Taco Bell. At Taco Bell he led the development of several significant products for the brand, including the Chalupa and Gordita product lines. Mr. Lunde earned his undergraduate degree in economics and psychology from Stanford University and holds a masters degree in business from UCLA.
Rhonda J. Parish
Chief Legal Officer and Secretary
Ms. Parish most recently served as Executive Vice President, Chief Legal Officer and Secretary of Denny’s Corporation and its predecessor companies from 1998 to 2008, after joining the company in 1995 as Vice President, Legal Counsel. Prior to this, Ms. Parish served as Assistant General Counsel for Wal-Mart Stores, Inc. from 1990 to 1994, and Corporate Counsel from 1983 to 1990. Ms. Parish started her career as an Associate at Pettus, Johnson & Gibson and Storey & McCord, respectively.
Ms. Parish earned a B.S. degree in Political Science from the University of Central Arkansas and her J.D. degree from the University Of Arkansas School Of Law. Ms. Parish is a member of the American Bar Association, the South Carolina Bar Association, the Arkansas Bar Association, and the Arkansas Bar Association House of Delegates.
E. Nelson Heumann
Chairman of the Board
Mr. Heumann has extensive experience with the bankruptcy and reorganization of public and private companies, including experience on numerous creditor committees. He joined Greenlight Capital in March 2000 and was made a partner in January 2002. After beginning his career as an equity analyst with Value Line, Mr. Heumann invested in a number of distressed companies while at Claremont Group, Merrill Lynch, Schroders, and ultimately SG Cowen, where he managed a portfolio of distressed investments. Mr. Heumann graduated from Louisiana State University in 1980 with a B.S. in Mechanical Engineering and in 1985 with an M.S. in Finance.
Thomas J. Mueller
Mr. Mueller was appointed to the Board of Directors in December 2007. He is currently the President and Partner of Mueller Consulting Inc., a consulting firm specializing in the restaurant industry. Mr. Mueller previously served as President and Chief Operating Officer of Wendy's International, Inc., the third largest chain in the quick service franchise industry, and as Senior Vice President of Operations - North America of Burger
Michael W. Arthur
Mr. Arthur has been a Director of the Company since October 2004 and served as Chairman of the Audit Committee. Since 1990, Mr. Arthur has headed Michael Arthur and Associates, a consulting and interim management firm specializing in restructurings, business development, and strategic, financial, marketing and branding strategies. He served as CEO of California Federal Bank and financial advisor to Long John Silver’s Restaurants.
Mr. Arthur has also served as Executive Vice President and Chief Financial Officer for Sizzler Restaurants and Pinkerton Security; Vice President of Marketing for Mattel Toys; and in management roles for D’Arcy, Masius, Benton & Bowles Advertising and Procter and Gamble. Mr. Arthur has a B.A. degree from Johns Hopkins University and attended the Wharton Graduate School of Business. He has served on the board of directors of the Alzheimer’s Association.
Frank C. Meyer
Mr. Meyer is a private investor who most recently served as the chairman of Glenwood Capital Investments, LLC, an investment firm specializing in hedge funds, which he founded in January of 1988 and from which he resigned in January of 2004. From September 1986 through December 1987, Mr. Meyer was a general partner of Knightsbridge Partners, a firm engaged in the business of leveraged buyouts. From November of 1973 to September of 1986, his activities included acting as co-manager of Grosvenor Partners, a fund with an investment program in hedge funds similar to that of Glenwood. Prior to 1973, he was employed at A.G. Becker & Company, where he helped redesign that firm's performance measurement service for pension funds. Mr. Meyer received his B.A. and M.B.A. from the University of Chicago and began his career at the university's School of Business as an instructor of statistics.
S. Garrett Stonehouse, Jr.
Mr. Stonehouse is a co-founder and Partner of MCG Global, LLC. At MCG Global, he has undertaken senior responsibility in the due diligence, structuring, and consummation of a number of leveraged buyout transactions, growth capital investments, initial public offerings, and high yield bond offerings in North America, Africa, Europe, and South America. Mr. Stonehouse is also currently the Chairman of Denver-based Imperial Headwear, the leading manufacturer and marketer of high quality headwear for the sports industry, which MCG Global acquired in September 2004. He previously served as Vice President of Fidelco Capital Group, which he joined in 1994.
Mr. Stonehouse began his career in 1991 as a member of a select group of junior executives in the Management Development Program at GE Capital. He graduated with a BA (Summa Cum Laude) from Boston College with a double major in Economics and Mathematics.
Ms. Morris has been one of the Managing Directors for Axum Capital Partners, a private equity firm focused on education services and restaurants, since October 2009 where she leads the restaurant strategy practice. Additionally, since April 2008 she has been Chief Executive Officer and a Partner in Range Restaurant Group, which owns and operates two CityRange restaurants in Greenville and Spartanburg, South Carolina. During the prior 15 years, Ms. Morris served as President of Red Lobster, Quincy's Family Steakhouse, and led the development and opening of a chef driven, casual dining concept, CityRange, while at Advantica, the owner and operator of Quincy's Family Steakhouse. Ms. Morris also served as President of the James Beard Foundation, a not-for-profit entity, and was the founding president of the Women's Foodservice Forum. In 1974, she graduated with a BS degree in psychology from the University of South Carolina. Ms. Morris served on the boards of Cosi, Inc. and the Culinary Institute of America, and currently serves on the board, governance committee and chair of the compensation committee for Tractor Supply Company.