Bojangles has recently announced the departure of now former Chief Executive Officer Clifton Rutledge due to personal reasons. While the Board of Directors of the company are in search for the next permanent CEO, Bojangles appointed James “Randy” Kibler as the Interim President and CEO of the company.
“After 40 years in the restaurant industry including four plus years as President and CEO of Bojangles’, I have decided it’s time to step down and take some time to enjoy my family.” Rutledge said in a statement. “I have enjoyed being a part of growing the brand’s footprint throughout the Southeast, and also the development of the talented teams both at the Support Center and in the field.”
Since 2011, Kibler was already with the company as the Director. Three years later, he served as the Director and Non-Executive Chairman until 2016. More so, Kibler was also a former CEO of the company prior to Rutledge’s appointment. He retired in 2014 but maintained a position in the Board.
“We appreciate Randy stepping into these roles on a temporary basis. The Board is fully confident in his ability to lead the Bojangles’ team until we can complete the process of identifying a suitable replacement. Randy possesses extensive management experience in the casual dining and quick-service restaurant sectors, franchisee expertise, and a deep understanding of operations. ” Director and Non-Executive Chairman of the Board William Kussell, told reports.
“Additionally, his familiarity and leadership as our previous President and CEO is ideal for ensuring a smooth and orderly transition during this interim period. We would also like to thank Clifton for his dedicated service to Bojangles’ and respect his personal decision to resign. We wish him all the best.” Kussell added.
Bojangles’ Current State
According to reports, the restaurant chain is currently facing difficulties since the beginning of the year. Bojangles recorded declines in its recent reports as the stock price of the company declines as well.
It successfully erected several branches in Alabaman, Montgomery and Selma. However, it was reported that these franchises closed in January. A spokesperson told reports that such happened due to economic challenges.
At the time being, Bojangles have 749 restaurants. Most of them are primarily located in the southeast of America.
“I am confident the team at Bojangles’ will carry forward this great brand into the future, and I look forward to watching its growth, just from a different seat.” Rutledge expressed.
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Categories: Consumer Products