Monday, January 12, 2015

Quiznos new CEO hopes to improve restaurant economics

The troubled sandwich chain Quiznos announced Monday the appointment of Doug Pendergast as the company's new President and Chief Executive Officer.

Pendergast joins Quiznos having previously held a variety of leadership roles in the restaurant industry. Most recently, he served as President and CEO of The Krystal Company. Prior to that, he held positions as Chief Development & Franchising Officer for Craftworks, EVP & Chief Franchise Officer for Church's Chicken, and VP of Strategy for AFC Enterprises. He has also held positions with McKinsey & Company and Procter & Gamble. Pendergast has an MBA from Harvard University and a Bachelor's in engineering from Georgia Tech.

Pendergast succeeds Stuart Mathis, who has resigned to pursue other opportunities. Mathis was appointed Quiznos CEO in July 2012, at a “time of change” for the company. The company filed for bankruptcy March 14, 2014, after sales shrank. The sandwich shop emerged from bankruptcy in July 2014 after restructuring its finances.

Pendergast plans to help franchise owners build their profitability, strengthen their businesses and grow the brand for the future. “This is a critical and exciting time for the brand. Quiznos is operating under a new food cost and supply model that should improve restaurant economics and is in an excellent position to build customer loyalty and frequency,” Pendergast said in a company press release.

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