Red Robin names new CEO
A longstanding full-service hamburger restaurant has announced a leadership shakeup.
Red Robin Gourmet Burgers, Inc.’s president and CEO G.J. Hart has stepped down after more than five years on the company’s board and more than two-and-a-half years as president and chief executive. David A. Pace, who currently serves as chairman of the board, will succeed Hart as President and CEO, effective immediately. Hart will serve in an advisory capacity through September of this year to support a smooth transition.
Prior to taking the reins of Red Robin in 2022, Hart was the CEO of fast-casual chain Torchy’s Tacos from 2018 until 2021. Before that role, he was the executive chairman and CEO of California Pizza Kitchen from 2011 to 2018.
"It has been a privilege to lead such an iconic brand over the last two-and-a-half years,” said Hart. “With key elements of the ‘North Star’ plan now in place and as we close the books on another quarter of strong financial performance in the first quarter, we have reached a natural inflection point in Red Robin's transformation, and I am confident that the company is in great hands with Dave to lead the next phase of this journey. Dave and I have built a trusted, long-standing relationship, and I know that his knowledge of our industry is second-to-none. I look forward to our continued collaboration throughout the transition period to best position the company for its next chapter."
Pace has 35 years of leadership and experience in the food, beverage and retail industries. In addition to serving in multiple board roles across the industry, he served as co-CEO of Tastemaker Acquisition Corporation, a special purpose acquisition company focused on the restaurant, hospitality and related technology and service sectors, from 2020 to 2023.
From 2016 to 2018, he served as CEO of Jamba Juice, Inc. He served as president of Carrabba's Italian Grill from 2014 to 2016, and was executive VP and chief resource officer at Bloomin' Brands from 2010 to 2014.
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"I'm excited to be named CEO to capture the significant opportunities ahead for Red Robin," said Pace. "With a continued focus on delivering exceptional food and service and supporting our operators, I will be working with the team to enhance our marketing approach and re-invest in our facilities to increase guest engagement and grow traffic. Additionally, we will be working to build our overall financial strength, reduce our debt and increase our operating flexibility. At its core, the Red Robin business is strong, and through continued focus and execution, I am confident we will deliver significant value to our guests and shareholders."
In connection with this transition, Anthony S. Ackil, who currently serves as a director on the board, will succeed Pace as chairman, effective immediately. Pace will remain a member of the board.
Founded in 1969, Red Robin operates nearly 500 locations in the United States and Canada.
