Noodles & Company Announces Leadership Changes
03 November 2020 - 8:05AM
Noodles & Company (NASDAQ: NDLS) today announced that Carl
Lukach has been named the Company’s Chief Financial Officer,
effective November 30, 2020.
“The strength of our leadership team is one of
our greatest assets at Noodles, and the addition of Carl to our
executive team will undoubtedly further strengthen Noodles &
Company,” said Dave Boennighausen, Chief Executive Officer at
Noodles & Company. “Carl comes to Noodles with extensive
leadership experience and expertise in a multitude of financial
functions from some of the nation’s leading lifestyle
organizations. Carl will be instrumental in advancing our financial
roadmap and leading Noodles to realize its vast potential.”
Carl brings more than 17 years of diverse
financial leadership to Noodles. Most recently, he spent four years
as VP Finance at Equinox, the namesake brand within Equinox Group,
a high-growth collective of the world’s most influential lifestyle
and digital brands. In this role, he oversaw finance, treasury,
tax, strategic planning and financial operations, in addition to
investor management and capital fund raising. Prior to Equinox, he
held several roles in finance and corporate development for
Abercrombie & Fitch (“A&F”), where he led the
successful expansion of the A&F and Hollister brands through
outlet growth and new venture initiatives, including franchising,
licensing, wholesale, and acquisitions. Prior to A&F, Carl
spent over a decade in investment banking at Credit Suisse with an
industry focus in food and retail businesses. As a director, he was
responsible for advising clients in capital fund raising and
M&A transactions. He holds a bachelor’s degree in
finance and psychology from Georgetown University.
“I am thrilled to join Dave, the executives, and
Noodles’ more than 8,000 dedicated team members across the country
at this exciting time in the organization’s history,” said Carl.
“This is a brand that puts guests and community first, and with a
strong strategy and omnichannel consumer approach, the potential
for growth and value creation is tremendous.”
The Company also announced that Kathy Lockhart,
the Company’s Vice President and Controller was promoted to
the title of Chief Accounting Officer in September 2020. She
remains the Company’s principal accounting officer. Kathy has
been a leader at Noodles for the past 14 years. She has led
continuous change in reducing costs, enhancing quality, and
providing valuable insight for operational improvements.
Kathy joined Noodles in 2006 as Controller
and VP of Accounting. She leads a team of accountants and analysts
responsible for financial reporting; risk management; loss
prevention and compliance; tax; and treasury. She also leads the
Company’s crisis management team and has been instrumental in the
Company’s COVID-19 response. Prior to joining Noodles, Kathy served
as the Vice President and Controller of several public and private
restaurant and retail companies. She is a CPA and a CGMA and is a
member of the American Institute of Certified Public Accountants
and the Colorado Society of CPAs. She is a member of the Colorado
Society’s Financial Literacy Committee and is also a current member
of the AICPA’s Benevolent Fund, AMRAP group. In addition, Kathy was
selected as an inaugural member of the Colorado Governor’s
Fellowship program. She holds a bachelor’s degree in business
administration and political science from Western Colorado
University.
“Noodles & Company is uniquely positioned to
win in the current consumer environment, and now with the Carl and
Kathy’s leadership on our finance team, I am more confident than
ever that Noodles will be able to accelerate growth and build
shareholder value,” said Boennighausen.
About Noodles & Company Since 1995,
Noodles & Company has been serving noodles your way, with
noodles and flavors that you know and love to new ones you're about
to discover. From indulgent Wisconsin Mac & Cheese to
better-for-you Zoodles and Other Noodles, the Company serves a
world of flavor in every bowl. Made up of more than 450 restaurants
and 8,000 passionate team members, Noodles was named one of the
Best Places to Work by the Denver Business Journal for its unique
culture built on the value of "Loving Life," which begins by
nourishing and inspiring every team member and guest who walks
through the door. To learn more or find the location nearest you,
visit www.noodles.com. Forward-Looking
Statements
This press release contains "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995 that involve risks and uncertainties. In some
cases, you can identify forward-looking statements by terms such as
"may," "might," "will," "objective," "intend," "should," "could,"
"can," "would," "expect," "believe," "design," "estimate,"
"predict," "potential," "plan" or the negative of these terms, and
similar expressions intended to identify forward-looking
statements. These statements reflect the Company's current views
with respect to future events and are based on currently available
operating, financial and competitive information. Examples of
forward-looking statements include all matters that are not
historical facts, such as statements regarding the Company's future
financial performance in light of management changes. The Company's
actual results may differ materially from those anticipated in
these forward-looking statements due to reasons including, but not
limited to those discussed in the Company's filings with the
Securities and Exchange Commission, including in its Annual Report
on Form 10-K for the year ended December 31, 2019 and in our
Quarterly Reports on Form 10-Q for the quarterly periods ending
March 31, 2020 and June 30, 2020. These forward-looking statements
involve known and unknown risks, uncertainties and other factors
that may cause the Company's actual results, performance or
achievements to be materially different from any future results,
performances or achievements expressed or implied by the
statements. Also, the forward-looking statements contained herein
represent the Company's estimates and assumptions only as of the
date hereof. Unless required by United States federal securities
laws, the Company does not intend to update any of these
forward-looking statements to reflect circumstances or events that
occur after the statement is made.
Media Contact: Danielle Moore;
Press@Noodles.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/83827465-2cfc-4caa-9527-3123531d294a
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