MONCTON, NB, June 21, 2013 /CNW/ - Imvescor Restaurant Group Inc. ("IRG"
or the "Company") (TSX: IRG), announced today that Mr. Denis Richard
will step aside as President and Chief Executive Officer of the
Company. However, Mr. Richard will remain on the board of directors
during the transition period.
"We would like to thank Mr. Richard for his contributions in the last
few years. Mr. Richard has led the Company through significant
restructuring and refinancing transactions, all of which has positioned
the Company for future success" said Robb Chase.
The Company also confirmed today the appointment of Mr. Chase as
Chairman of the Board. Mr. Chase joined the Board in 2011 and has been
serving as Lead Director and member of the Audit and Risk Committee.
Mr. Chase's extensive foodservice experience includes senior positions
with Quiznos Canada Restaurant Corporation, Papa John's International,
Pepsico Restaurants International, Pizza Hut, KFC and Taco Bell.
The board of directors has initiated a process to identify a new Chief
Executive Officer of the Company. Ms. Ming-Ming Wong, CFO, has been
appointed as the interim CEO of the Company.
"The Board will be working closely with Ms. Wong during this transition
period. Ms. Wong's commitment and dedication over the last 10 years
with the Company will help in the management transition" said Mr.
About Imvescor Restaurant Group
Headquartered in Moncton, New Brunswick, Imvescor Restaurant Group owns
franchised and corporate stores throughout Canada, under four brands:
Pizza Delight® operates primarily in Atlantic Canada, where it
dominates the family/mid-scale segment. Mikes® and Scores® restaurants
operate primarily in Quebec in the family and casual dining segments
and the take-out and delivery segments. Bâton Rouge® operates in
Quebec, Ontario, Alberta and Nova Scotia in the casual dining segment.
Cautionary Note Regarding Forward-Looking Statements
Certain information in this press release regarding the Company,
including, but not limited to, the Company's business objectives,
strategies and priorities, and other statements that are not historical
facts, are "forward-looking statements" within the meaning of
applicable securities laws. Forward-looking statements involve known
and unknown risks, uncertainties and other factors beyond the Company's
control referenced in the Company's continuous disclosure filings which
are available on SEDAR at www.sedar.com. Although the forward-looking statements contained herein are based
upon what the Company believes to be reasonable assumptions on the date
of this press release, the Company cannot assure investors that actual
results will be consistent with these forward-looking statements. The
Company assumes no obligation to update such forward-looking statements
to reflect new information, future events or otherwise, except as
required by applicable securities laws.
SOURCE: Imvescor Restaurant Group Inc.
For further information:
Ming-Ming Wong, CFO and Interim CEO
Robb Chase, Chairman of the Board
Imvescor Restaurant Group Inc.
For more information about our brands:
Pizza Delight®: http://www.pizzadelight.com
Bâton Rouge®: http://www.batonrougerestaurants.com