Bertucci's announces senior-level changes; Founder/CEO Joey Crugnale emphasizes opportunity to increase growth.WAKEFIELD, Mass.--(BUSINESS WIRE)--May 5, 1995--Bertucci's Inc. announced the resignation of vice president/operations George Carey, 36, and the departure, by mutual agreement, of chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Howard Gevertz, 48, effective today. Founder/CEO Joey Crugnale has assumed the COO role, a position he formerly held. A search is underway for Carey's replacement. "Bertucci's has a strong, new emphasis on positioning and promotion, and these senior-level changes present opportunities to enhance our efforts," said Crugnale. "I'm excited about resuming my role as COO and moving forward with a leadership team that will focus on these efforts." Separately, Bertucci's indicated that first quarter earnings (scheduled to be released on May 15, 1995) will be below analyst expectations of $0.17 to $0.19 per share. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Bertucci's chief financial officer Normal Mallett, "Revenues in the first quarter ending April 22, 1995, were not as strong as had been anticipated, and operating costs operating costs npl → gastos mpl operacionales and revenues of restaurants opened in 1994 continued to be disappointing. However, we are delighted that Joey has resumed the COO role, and we look forward to controlling costs and increasing revenues to create more profitable growth." Bertucci's Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BERT (Bit Error Rate Test) An analysis of network transmission efficiency that computes the percentage of bits received in error from the total number sent. ), based in Wakefield, Mass., reported 1994 sales of $102.8 million. The company currently operates 71 restaurants in the Northeast, Mid-Atlantic states Mid-At·lan·tic States See Middle Atlantic States. Noun 1. Mid-Atlantic states - a region of the eastern United States comprising New York and New Jersey and Pennsylvania and Delaware and Maryland U.S.A. , Florida, and the Chicago area. The restaurant company employs over 4,500 people. CONTACT: Bertucci's Inc. Norman Mallett, 617/246-6700 |
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