By Colin Kellaher
Red Robin Gourmet Burgers has replaced its top executive.
Red Robin on Thursday said David Pace, who had been chairman since November 2019, has stepped in as president and chief executive, succeeding G.J. Hart, who had been at the helm of the Englewood, Colo., restaurant chain since September 2022.
Red Robin said Hart will remain in advisory capacity through September to assist with the transition, after which he will depart with severance that includes 18 months of his base pay, or $1.8 million.
The company said Anthony Ackil, a board member since 2020, succeeds Pace as chairman.
Red Robin said Pace, who will remain a member of the board, will receive an annual base salary of $750,000 and an annual bonus with a target of 200% of his base pay.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
April 24, 2025 08:36 ET (12:36 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.