Red Robin

Leadership

Red Robin COO Michael Buchmeier is leaving the company

Buchmeier, who has spent a combined 25 years at the chain, is the latest C-suite departure under new CEO G.J. Hart.

Financing

G.J. Hart’s vision for Red Robin: Better burgers and more managers

The new CEO wants to get the brand back on track by improving its menu and correcting past missteps.

The chain also appointed a new chief legal officer and announced the departures of its CIO and chief concept officer, setting the stage for an almost entirely revamped C-suite under new CEO G.J. Hart.

The inducement grants incentivize Hart to boost the chain’s share price, which has lost more than half of its value this year.

Following a successful $10 meal deal, the chain is queuing up happy hour and lunch specials, even as it works to keep costs down.

The industry veteran will come out of retirement to replace Paul Murphy, who is retiring at the end of the year.

The restaurant veteran will step down at the end of the year after his agreed-upon three-year term comes to a close.

The chain believes a new $10 value meal combined with strong LTOs will give price-conscious guests more options.

Staffing challenges have slowed the chain’s comeback from COVID. But these underlying trends have the brand feeling good about the future.

Sales at the burger chain returned to 2019 levels, and labor improvements are driving further growth.

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