RAVE Restaurant Group Promotes Mike Burns to EVP and COO

Rhea-AI Summary

RAVE Restaurant Group (NASDAQ: RAVE) announced the promotion of Mike Burns to Executive Vice President and Chief Operating Officer effective June 27, 2022. Burns, who previously served as the Chief Operations Officer, is recognized for enhancing supply chain efficiency and franchise development initiatives, contributing to the company's eight consecutive quarters of profitability. Mark Schwarz, Chairman, and Brandon Solano, President and CEO, praised Burns for his leadership and impact on the company's operations amid ongoing supply chain challenges.

Positive

• Promotion of Mike Burns to Executive Vice President and COO enhances leadership.
• Burns' initiatives have led to eight consecutive profitable quarters.

Negative

• None.

DALLAS, June 08, 2022 (GLOBE NEWSWIRE) -- RAVE Restaurant Group, Inc. (NASDAQ: RAVE), the parent company of Pizza Inn and Pie Five Pizza, yesterday announced the promotion of Mike Burns, to Executive Vice President and Chief Operating Officer effective June 27, 2022. Burns previously served as RAVE’S Chief Operations Officer.

“Mike’s influence as a leader is felt throughout the company daily. Not only does he have a reputation for creating high-performing teams, he has improved our supply chain and our franchise development initiatives,” says Mark Schwarz, Chairman of RAVE Restaurant Group. “Overall, he has helped us shore up operations and create efficiencies across both brands, contributing to our eight consecutive quarters of profitability.”

Prior to joining RAVE, Burns served as Vice President of Operations for Pei Wei where he led a team of multi-unit operators responsible for 80 restaurants in Arizona, California, Colorado, Nevada, New Mexico and Oklahoma. Earlier in his career, Burns served as Regional Vice President, where he oversaw more than 175 Bojangles’ corporate restaurant locations.

“RAVE is a bold and nimble organization that gives me the opportunity to share my industry knowledge and impact two high potential brands,” says Mike Burns, Executive Vice President and Chief Operating Officer. “Our franchisees and support team are some of the hardest working professionals in the restaurant industry and one of the many reasons we are growing.”

“Mike’s leadership has helped put RAVE in a notable position, especially in light of the operational and supply chain issues facing all brands,” says Brandon Solano, President and CEO, RAVE Restaurant Group. “The EVP and COO title befits Mike’s contributions to our business and the high regard in which he is held by our team,” adds Solano.

For more information about RAVE Restaurant Group, please visit raverg.com.

About RAVE Restaurant Group, Inc.
Dallas-based RAVE Restaurant Group [NASDAQ: RAVE] has inspired restaurant innovation and countless customer smiles with its trailblazing pizza concepts. The Company owns, franchises, licenses and supplies Pie Five and Pizza Inn restaurants operating domestically and internationally. The Pizza Inn experience is unlike your typical buffet. Since 1958, Pizza Inn's house-made dough, house-shredded 100% whole milk mozzarella cheese, fresh ingredients and house-made signature sauce combined with friendly service solidified the brand to become America's favorite hometown pizza place. This, in addition to its small-town vibe, are the hallmarks of Pizza Inn restaurants. In 2011, RAVE introduced Pie Five Pizza, pioneering a fast-casual pizza brand that transformed the classic pizzeria into a concept offering personalization, sophisticated ingredients and speed. Pie Five's craft pizzas are baked fresh daily and feature house-made ingredients, creative recipes and craveable crust creations. For more information, visit www.raverg.com, and follow on Instagram @pizzainnofficial and @piefivepizza.

Media Contacts
Amy Power
amy@thepowergroup.com
214-693-2146

Madison DeChellis
madison@thepowergroup.com
330-606-4473

FAQ

What is the significance of Mike Burns' promotion at RAVE?

Mike Burns' promotion to Executive Vice President and COO is significant as it highlights his leadership contributions, especially in improving supply chain and franchise development, which have led to sustained profitability.

How many consecutive profitable quarters has RAVE achieved?

RAVE has achieved eight consecutive profitable quarters, demonstrating strong business performance.

What role did Mike Burns hold before becoming COO at RAVE?

Before becoming COO, Mike Burns was the Chief Operations Officer, where he oversaw operations improvements and franchise development.

When did Mike Burns' promotion to COO take effect?

Mike Burns' promotion to Executive Vice President and COO took effect on June 27, 2022.

What challenges is RAVE facing in its operations?

RAVE is currently navigating operational and supply chain issues that are affecting many brands in the restaurant industry.