SPOTLIGHT ON WRAY

Wray Executive Search announced the promotions of Kevin Stockslager and Ray Kelley to Vice President.
Executive Movements

On The Border Mexican Grill & Cantina® Names Matt Hood President and CEO

The Krystal® Company Welcomes Paul Macaluso as New CEO
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Joe Guith Promoted to Brand President of McAlister's Deli
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Chipotle Names Chris Brandt Chief Marketing Officer
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Former Qdoba President Tim Casey Takes Helm at R Taco
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Industry Veteran Omar Janjua to Lead Taco Bueno
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Biscuitville Names Kathie Niven New President
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Juice It Up! Names Chris Braun New CEO
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Papa Murphy's Names Nik Rupp as Chief Financial Officer
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The Pie Hole Finds New CEO in Restaurant Industry Veteran Edie Ames
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Pincho Factory Names Industry Veteran Jayson Tipp President
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Financial Overview

FAT Brands Inc. Recaps Exciting 2017, including IPO, Acquisitions, and Same Store Sales Growth
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Good Times Restaurants Q2 Same Store Sales Up Across Both Brands
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Jamba, Inc. Reports Results for the First, Second, and Third Quarters of Fiscal 2017
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Del Taco Restaurants Reports Q4 Same Store Sales and Revenue Growth, Net Income Down
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Viewpoint
Employee Engagement: What Is It?

by Bob Gershberg, CEO | Managing Partner, Wray Executive Search

Bob Gershberg
Employee engagement is a workplace approach resulting in the right conditions for all members of an organization to give their best each day, committed to their organization's goals and values, motivated to contribute to organizational success, with an enhanced sense of their own well-being.

Employee engagement is an emotional state where we feel passionate, energetic, and committed towards our work. In turn, we fully invest our best selves - our hearts, spirits, minds, and hands - to the work we do.

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Industry Update for Quarter One 2018

by Kevin Stockslager, Vice President, Wray Executive Search

Kevin Stockslager
During the latter part of 2017, positive same-store sales numbers had the restaurant industry filled with optimism. Even traffic numbers seemed to be improving in the closing months of 2017. However, those positive trends have not continued so far in 2018. Restaurant industry same-store sales were down in January (-0.3%) and February (-0.8%) and traffic numbers drastically declined during the first two months of the year (-3.0% in January; -3.1% in February), reversing much of the positive traction gained during the fourth quarter of 2018. Restaurant insiders pointed to several factors that could have contributed to the downturn, including several major winter storms and rainfall throughout the country, as well as the 2-week Winter Olympic Games keeping millions of families out of restaurants and at home watching each night.

"Leaders enable and empower people to make decisions. Each person on a team is an extension of leadership; if they feel empowered, they will magnify your power to lead."  
Tom Ridge
Move That Search Along, Quickly!

by Tom Rollert, Vice President of Culture Integration, Wray Executive Search

Tom Rollert
If you do an excellent job of telling us who your ideal candidate is, we'll find him or her in short order. That is the reason you pay an executive search firm.  On the other hand, if you begin the process with a vague idea of who your organization is looking for, we can succeed at that, as well, but you'll probably have to wait a while.

All search firms have horror stories about what seemed to be a straightforward search that almost turned into a career.  We accuse ourselves of all kinds of shortcomings when a search goes on longer than reasonable, but it often boils down to a lack of congruity between what the client wants and what the client tells us they want.  At Wray, we pride ourselves on being attentive and empathetic, but that doesn't mean we have the ability to read minds.  I'm not complaining, just pointing out a reality.  Let's look at some ways to guard against what I refer to as PSS (Prolonged Search Syndrome)?

Executive Chat with John Francis
Franchise Industry Advisor, Speaker, and Founder of Fathers Eve holiday

by Rebecca Patt, SVP Development, Wray Executive Search

Rebecca Patt
This month, Rebecca chats with John Francis. John has a lifetime of franchising experience, beginning with his family's hair salon franchise. With over 25 years of hands-on experience in the franchise industry, John has served as a franchisee, franchisor, investor, and Board Member for organizations. Today, John shares his perspective and expertise as a consultant, advisor, and keynote speaker to help franchise systems and professionals achieve their highest levels of success.

Restaurants & Weather:
Deeper Thinking is Required

by John A. Gordon, Principal and Founder of Pacific Management Consulting Group

John A. Gordon
John A. Gordon
We heard it quite frequently mentioned last quarter in restaurant earnings calls: the effect of weather. Any restaurant veteran knows it matters, but how much and over what period of time? Weather does matter, but it impacts unequally and sometimes in short bursts.