Sam Tancredi Transitions to Brand Consultant
WINTER PARK, Fla.--(BUSINESS WIRE)--Feb. 7, 2012--
Ruth's Hospitality Group, Inc. (Nasdaq: RUTH) announced today that
President and Chief Operating Officer of Mitchell’s Fish Market Sam
Tancredi will transition to a consulting role with the company, and
Peter Beaudrault will assume the position of President and Chief
Operating Officer of the brand effective immediately. Mr. Tancredi has
served as the concept’s President and Chief Operating Officer since
December 2008. In his new capacity, he will assist in the transition of
the brand to new leadership.
Mr. Beaudrault brings 20 years of executive level management,
international business development and operations experience to Ruth’s
Hospitality Group, Inc. He has held several leadership positions within
the industry including his most recent role as President, Chief
Executive Officer and Chairman of Sbarro, Inc. where he doubled the
market value of the company during his tenure. He also served as
President and Chief Executive Officer of Hard Rock Café International,
Inc., where he successfully formulated and executed a five year
strategic plan resulting in the most significant sales and earnings
growth in concept’s 32-year history. Prior to his tenure at Hard Rock
Café International, he served as Executive Vice President of Ground
“We are pleased to have Pete Breaudrault lead the Mitchell’s Fish Market
brand,” said Michael O'Donnell, Chairman, President and Chief Executive
Officer of Ruth's Hospitality Group. “Pete is a seasoned multi-unit
operator with expertise in positioning concepts for profitability and
growth, and we are confident that his guidance and experience will have
a positive impact on Mitchell’s. We thank Sam Tancredi for his
dedication to and efforts on behalf of the Mitchell’s Fish Market brand.
We are fortunate to retain his counsel and look forward to his ongoing
contributions to our success.”
About Ruth's Hospitality Group
Ruth's Hospitality Group, Inc. (NASDAQ: RUTH) is a leading restaurant
company focused exclusively on the upscale dining segment. The Company
owns the Ruth's Chris Steak House, Mitchell's Fish Market, Mitchell's
Steakhouse and Cameron's Steakhouse concepts. With more than 150
company- and franchisee-owned locations worldwide, Ruth's Hospitality
Group was founded in 1965 and is headquartered in Winter Park, Fla.
For further information about our restaurants, to make reservations, or
to purchase gift cards, please visit: http://www.RuthsChris.com,
For more information about Ruth's Hospitality Group, please visit http://www.rhgi.com.
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differ include the risk factors identified in the reports we file with
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Form 10-K for the fiscal year ended December 26, 2010 and subsequently
filed Quarterly Reports on Form 10-Q, all of which are available on the
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Source: Ruth's Hospitality Group, Inc.
For Ruth's Hospitality Group, Inc.
Tom Ryan, 203-682-8200