Robb S. Chase appointed Director
MONCTON, NB, Feb. 7 /CNW/ - Imvescor Restaurant Group Inc. ("IRG" or the
"Company") (IRG: TSX) announced today that Mr. Denis Richard has been
named President and Chief Executive Officer of the Company. Mr.
Richard was also appointed to the board of directors of the Company
(the "Board"). IRG also announced that Mr. Robb S. Chase has been
appointed to the Board. Directors Kevin Comeau and Leandre Cormier
have resigned effective immediately.
Denis Richard is the founder and managing partner of Windward Capital,
an M&A advisory firm. Prior to founding Windward Capital, he was
Senior Vice President of Strategy and M&A at BCE Emergis. Mr. Richard
has held senior business development positions with Teleglobe, BCE and
Bell Mobility, and other affiliates within the Bell group. Mr. Richard
graduated from the Faculty of Law of the University of Moncton in
1986. His experience and background with a number of public and
private companies will be invaluable to the Company as it continues to
address the financial and operating priorities of Imvescor Restaurant
Mr. Robb S. Chase is President and Chief Executive Officer of Quiznos
Canada Restaurant Corporation. He previously served as the President
and CEO of Herbal Magic ULC, a private-equity owned chain of more than
350 franchised and corporate weight loss and nutrition retail outlets.
He was President and CEO of Famous Players Inc. until 2005. Mr. Chase
has extensive experience in restaurant and franchising operations with
Pepsico, KFC, Pizza Hut and Taco Bell, among other companies.
"We are pleased that Mr. Richard has agreed to join Imvescor Restaurant
Group as CEO and we look forward to his leadership and contribution,"
said Mr. Gabriel Sacratini, Chairman of the Board. "We also welcome Mr.
Chase, whose depth of experience in the restaurant industry will be of
great value to the Board."
"We wish to express our gratitude to the departing members of the
Board," continued Mr. Sacratini. "We wish them well in their future
"We would also like to thank William Lane for his dedication and
commitment as Interim CEO. He has earned our gratitude and respect for
a job well done," concluded Mr. Sacratini.
William Lane will continue with IRG in his position as Executive Vice
President and Chief Financial Officer of the Corporation.
About Imvescor Restaurant Group
Headquartered in Moncton, New Brunswick, Imvescor Restaurant Group owns
franchised and corporate stores throughout Canada, under four brands:
Pizza Delight(R) operates primarily in Atlantic Canada, where it
dominates the family/mid-scale segment. Mikes(R) and Scores(R)
restaurants operate primarily in Quebec in the family and casual dining
segments and the take-out and delivery segments. Baton Rouge(R)
operates in the Province of Quebec and Ontario in the casual dining
Certain information regarding Imvescor Restaurant Group contained herein
may constitute forward-looking statements within the meaning of
applicable securities laws. Forward-looking statements may include
estimates, plans, expectations, opinions, forecasts, projections,
guidance or other statements that are not statements of fact. Although
the Company believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance
that such expectations will prove to have been correct. The Company
cautions that actual performance will be affected by a number of
factors, many of which are beyond the Company's control, and that
future events and results may vary substantially from what the Company
currently foresees. The Company assumes no obligation to update such
forward-looking statements, except as required by applicable securities
laws. The Company's forward-looking statements are expressly qualified
in their entirety by this cautionary statement.
SOURCE IMVESCOR RESTAURANT GROUP
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