Ignite Restaurant Group, Inc. Names Robert S. Merritt New Chief Executive Officer
Ignite Restaurant Group, Inc. (NASDAQ:IRG) today announced that Robert
S. Merritt has been named Chief Executive Officer, effective November
17, 2015. Mr. Merritt will succeed Raymond A. Blanchette, III, who left
Ignite Restaurant Group to pursue other opportunities.
Paul R. Vigano, Chairman of Ignite Restaurant Group, stated, "We are
thrilled to have Bob join the company as Chief Executive Officer. Bob is
one of the true pioneers in the casual dining industry and we are
excited by the vast experience, vision and leadership that he brings to
this new role. We look forward to working with Bob in his new role."
Mr. Vigano added, "We would also like to thank Ray for all he has done
for Ignite. He has provided thoughtful leadership during his tenure and
we wish him much success in his future endeavors."
Mr. Blanchette stated, "Ignite Restaurant Group is a special place with
incredible people and brands. It has been an honor and a privilege to
lead this company."
Mr. Merritt's career in the restaurant industry has spanned over three
decades. He was an original member of the senior management team of
Outback Steakhouse Inc. (currently, Bloomin' Brands, Inc. (NASDAQ:
BLMN)) where he oversaw their initial public offering and helped to
expand the company's initial operations from five restaurants in Florida
in 1990 to over 1250 restaurants in 22 countries by his retirement in
2005. Mr. Merritt served on the Outback Steakhouse, Inc. board of
directors from 1991 to 2005, and served on the boards of each of
Outback's operating subsidiaries and joint ventures. Mr. Merritt also
served as President of and Chief Executive Officer of Benjamin Moore &
Co., a producer of high-quality paints and finishes from June 2012 until
September 2013. Mr. Merritt was appointed to our Board of Directors in
Mr. Merritt will remain on the Company's Board of Directors, but will
step down from the Audit Committee and the Nominating and Corporate
Governance Committee, as he will no longer qualify as an independent
director under Nasdaq listing standards. The Board has appointed Shauna
R. King as the Chair of the company's Audit Committee to replace Mr.
Merritt and has also appointed Ann Iverson as a member of the Audit
About Ignite Restaurant Group
Ignite Restaurant Group, Inc. (NASDAQ: IRG) owns, and operates
restaurants throughout the U.S. Headquartered in Houston, Ignite's
portfolio of restaurant concepts currently includes Joe's Crab Shack and
Brick House Tavern + Tap. Each brand offers a variety of high-quality,
chef-inspired food and beverages in a distinctive, casual, high-energy
atmosphere. For more information on Ignite and its distinctive brands
View source version on businesswire.com: http://www.businesswire.com/news/home/20151117006896/en/
Source: Ignite Restaurant Group, Inc.
News Provided by Acquire Media
Close window | Back to top