• Pizza Inn appoints Page new acting CEO

    Tags: Pizza Inn

THE COLONY, Texas — The board of directors of Pizza Inn appointed Robert B. Page as acting chief executive officer during a special meeting convened Jan. 5.

According to a news release, Page replaces Rod McDonald, Pizza Inn's secretary and general counsel, who had served as acting CEO since the Dec. 14 ouster of former CEO and President Ronald Parker (read CEO Parker is out at Pizza Inn and Pizza Inn officially fires Parker, but lawsuit is expected).

McDonald will resume his position as full-time secretary and general counsel as a result of the appointment of Page.

Page, a director of Pizza Inn since last February, is a multi-unit franchisee of Shoney's, Inc. He is the former CEO of Gordon Biersch Brewery Restaurants, Inc., and the former CEO of Romacorp, Inc., operator of Tony Roma's. Page's pizza history extends to a stint as senior vice president of operations at NPC International, Inc., the world's largest Pizza Hut franchisee.

"Bob is eminently qualified to take on the responsibility of the CEO role," said Pizza Inn board Chairman Mark Schwarz. "I have great confidence in his ability to assist the company during this time of transition. His operational experience, leadership qualities, and knowledge of the restaurant industry are a welcome fit for Pizza Inn as the board of directors continues its search for a permanent chief executive officer."

Life at the helm of the 400-plus unit Pizza Inn has been tumultuous in the past few years. Former CEO Jeffrey Rogers was pushed out in August of 2002, when the company believed he would default on a loan it made to him for the purchase of company stock. He later repaid it in full.

After replacing Rogers, Parker saw few peaceful moments in his two years in the CEO's chair. Comparable-store sales trends were largely negative, and Parker was at the center of a nasty proxy battle staged by majority shareholder Newcastle Partners, which is run by Schwarz (read Battle for the Board at Pizza Inn).

In December, Parker was fired after Pizza Inn's board determined he had sought to harm the company when, in 2002, he and three other executives led an effort to rewrite the company's bylaws to protect their jobs. The four also beefed up their employment agreements by adding golden parachutes that could cost Pizza Inn millions in severance payments (read Pizza Inn fights back).

Related Content

User Comments – Give us your opinion!
Products & Services

Javarama coffee

http://global.networldalliance.com/new/images/products/6961.png

6961/Javarama-coffee

Business Performance Management

http://global.networldalliance.com/new/images/products/6413.png

6413/Business-Performance-Management

PCI Compliance Managed Network Services

http://global.networldalliance.com/new/images/products/4123.png

4123/PCI-Compliance-Managed-Network-Services

Features

http://global.networldalliance.com/new/images/products/4541.png

4541/Features

PCI Compliance Services

http://global.networldalliance.com/new/images/products/4892.png

4892/PCI-Compliance-Services

Distribution RFP’s & RFQ’s

http://global.networldalliance.com/new/images/products/6411.png

6411/Distribution-RFP-s-RFQ-s

Meatballs

http://global.networldalliance.com/new/images/products/6789.png

6789/Meatballs

AquaCafe

http://global.networldalliance.com/new/images/products/6965.png

6965/AquaCafe

PeopleMatter HIRE™

http://global.networldalliance.com/new/images/products/4625.png

4625/PeopleMatter-HIRE

Advanced Wireless

http://global.networldalliance.com/new/images/products/6635.png

6635/Advanced-Wireless

Fast Casual Executive Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.