Daily Newsletter

03 November 2023

Daily Newsletter

03 November 2023

El Pollo Loco Holdings president and CEO to step down  

The restaurant chain has named Maria Hollandsworth as interim president and CEO.

Umesh Ellichipuram November 03 2023

American fire-grilled chicken restaurant chain El Pollo Loco Holdings has announced that Laurance Roberts will be stepping down as the company’s director, president and chief executive (CEO).

Roberts has been associated with the company for more than a decade as CEO and chief financial officer.

He will continue to offer consultancy services to the business until 28 December 2023, to facilitate a seamless transition.

Roberts stated: “Being part of El Pollo Loco has been the highlight of my career, and I am proud of what we have accomplished together during my time with the company.

“I look forward to working with Maria, the rest of the management team and the board of directors through the end of the year to ensure the company is well-positioned for the future.”

The restaurant chain has started the search for its new CEO and has named Maria Hollandsworth as interim president and CEO.

Hollandsworth will help facilitate a seamless leadership transition until a new CEO is appointed.

El Pollo Loco Board chairman William Floyd stated: “Larry has been an instrumental part of El Pollo Loco’s history as a public company, from serving as our CFO during our initial public offering in 2014 to leading the company as our CEO for the past two years.

“On behalf of the board, I want to thank Larry for his leadership and valuable contributions to El Pollo Loco over the past ten years. It has been a privilege to work with Larry and we wish him the best.”

Customer engagement drives metaverse investment in the foodservice sector

COVID-19 and supply chain disruptions following the Ukraine war have accelerated automation and digitalization in the foodservice sector. Home delivery services and consumer engagement through digital channels have become essential for businesses trying to stay afloat. Foodservice companies must also cope with ESG issues, the fast-changing world of work, and the global economy heading for recession and possible stagflation. The metaverse, enabled by both AR and VR, is an important tool that can help address many of the foodservice industry's key challenges.

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