Texas Roadhouse Promotes President Jerry Morgan to CEO

Rhea-AI Summary

Texas Roadhouse announced the promotion of Jerry Morgan to Chief Executive Officer, effective immediately. This change follows the passing of founder and CEO Kent Taylor on March 18, 2021. The succession plan, which was led by Taylor, is designed to ensure stability for the restaurant company. Morgan, a 23-year veteran of Texas Roadhouse, has over 35 years of restaurant management experience. He previously served as President and has been recognized with the Managing Partner of the Year award. Texas Roadhouse operates over 630 restaurants across 49 states and internationally.

Positive

• Jerry Morgan has been promoted to CEO, ensuring leadership continuity.
• Morgan has extensive experience with over 35 years in restaurant management.
• The succession plan, developed by Kent Taylor, aims to maintain stability post-transition.

Negative

• None.

LOUISVILLE, Ky., March 19, 2021 (GLOBE NEWSWIRE) -- Texas Roadhouse, Inc.’s (Nasdaq: TXRH) Board of Directors announced today that President Jerry Morgan will also assume the title of Chief Executive Officer of the Louisville-based restaurant company. The promotion is effective immediately.

Morgan’s appointment to CEO was part of the Company’s succession plan, which was enacted following the passing of Kent Taylor, the founder, CEO and Chairman of the Board on March 18, 2021.  

“While you never expect the loss of such a visionary as Kent, our succession plan, which Kent led, gives us great confidence. Jerry’s operational background and 20-plus years of Texas Roadhouse experience will be key in helping the Company and Roadies move forward after such a tragic loss,” said Greg Moore, Lead Texas Roadhouse Director.  

A 23-year veteran of Texas Roadhouse, Morgan has more than 35 years of restaurant management experience with Texas Roadhouse, Bennigan’s and Burger King. Morgan started his Texas Roadhouse career in 1997 as Managing Partner of the Company’s first restaurant in Texas. He earned the Company’s most prestigious award, Managing Partner of the Year, in 2001 and was promoted to Market Partner later that year. He was promoted to Regional Market Partner in 2015 and was appointed President in 2020.

About the Company

Texas Roadhouse is a casual dining concept with over 630 restaurants system-wide in 49 states and ten foreign countries. For more information, please visit the Company’s Web site at www.texasroadhouse.com.

Contacts:

Media
Travis Doster
(502) 638-5457

Investor Relations                                                                
Michael Bailen
(502) 515-7298

FAQ

Who is the new CEO of Texas Roadhouse?

Jerry Morgan has been promoted to Chief Executive Officer of Texas Roadhouse.

When was Jerry Morgan appointed CEO of Texas Roadhouse?

Jerry Morgan was appointed CEO effective immediately on March 19, 2021.

What happened to the previous CEO of Texas Roadhouse?

Kent Taylor, the previous CEO and founder, passed away on March 18, 2021.

How long has Jerry Morgan been with Texas Roadhouse?

Jerry Morgan has been with Texas Roadhouse for 23 years.

What is the current number of Texas Roadhouse restaurants?

Texas Roadhouse operates over 630 restaurants in 49 states and ten foreign countries.