Business
CRACKER BARREL NAMES JULIE FELSS MASINO AS THE COMPANY'S NEW PRESIDENT AND CHIEF EXECUTIVE OFFICER
LEBANON, Tenn., July 18, 2023 /PRNewswire/ -- The Board of Directors of Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq:
About this update from Cracker Barrel Old Country Store, Inc.
[{"type":"text","content":"LEBANON, Tenn., July 18, 2023 /PRNewswire/ -- The Board of Directors of Cracker Barrel Old Country Store, Inc. (\"Cracker Barrel\" or the \"Company\") (Nasdaq: CBRL) is pleased to announce that Julie Felss Masino will succeed Sandra B. Cochran as the Company's next President and Chief Executive Officer.\nMs. Masino, 52, has had a long and successful career driving innovation and growth for globally loved and recognized restaurant and retail brands. She most recently served as President, International of Taco Bell, overseeing the expansion of the division to more than 1,000 restaurants in 32 countries, and before that led the $11 billion US Taco Bell business, where she and her teams launched numerous culinary, technology, and business model innovations during eight consecutive quarters of positive comp growth. \nCommenting on the appointment, Cracker Barrel's Chairman of the Board, William McCarten said, \"Today's announcement represents the culmination of a multi-year CEO succession-planning process by our Board of Directors and Sandy, and we are thrilled to welcome Julie to the head of the Cracker Barrel table. We believe Julie 's track record as an innovator and a leader, together with her strategic thinking and passion for growth, will ensure that Cracker Barrel remains a place where people feel welcomed and cared for like family as we extend our hospitality to an even broader array of guests.\" \nThe Company's current President and Chief Executive Officer, Sandra Cochran, added, \"Julie brings a wealth of experience and an innovative spirit to Cracker Barrel and Maple Street. I look forward to seeing her and the team build on our legacy and carve new paths for growth as they leverage and continue our investments in technology, loyalty, and the employee and guest experience. It has been a privilege to lead this brand for the last twelve years and I am happy to be able to transfer my role to someone as capable and accomplished as Julie.\"\nFinally, Ms. Masino commented, \"Cracker Barrel is one of the most iconic brands in the history of American casual and family dining, and I appreciate all that Sandy and the Board have done to set the company, our team, and me up for success. For more than fifty years Cracker Barrel has leveraged its rich culture to deliver on its brand and people promises to guests and employees, and the c...