Texas Roadhouse, Inc. Appoints Gina Tobin President
Texas Roadhouse, Inc. (Nasdaq: TXRH) announced the promotion of Gina Tobin to President, previously held by CEO Jerry Morgan.
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Rhea-AI Summary
Texas Roadhouse, Inc. (Nasdaq: TXRH) announced the promotion of Gina Tobin to President, previously held by CEO Jerry Morgan. Tobin, a 27-year veteran of the company, has held various roles including Managing Partner and Vice President of Training. This restructuring creates a clear succession plan, allowing Morgan to focus more on field operations. Tobin will oversee various departments including Food, Service, Training, Research & Development, and Diversity & Inclusion, enhancing operational efficiency as the company continues to expand with over 690 restaurants globally.
Positive
- Promotion of Gina Tobin to President is expected to enhance operational efficiency.
- Clear succession plan established, allowing leadership stability.
- Gina Tobin brings extensive experience from various roles within the company.
Negative
- Transition in leadership may raise concerns regarding continuity.
- Reduction in CEO's day-to-day involvement may impact operational oversight.
Details
News Market Reaction – TXRH
The recorded move for TXRH in the trading session of this news was +3.37%.
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LOUISVILLE, Ky., Jan. 09, 2023 (GLOBE NEWSWIRE) -- Texas Roadhouse, Inc. (Nasdaq: TXRH), announced today that its Chief Learning and Culture Officer, Gina Tobin, has been promoted to President, a post which has been held by CEO Jerry Morgan since 2021.
Ms. Tobin, a 27-year veteran of Texas Roadhouse, has served in a variety of roles throughout her career at Texas Roadhouse, including as a Managing Partner, Market Partner, Vice President of Training, and most recently as Chief Learning and Culture Officer.
In addition to her current duties overseeing Food, Service, Training, Research & Development, and Diversity & Inclusion, Tobin will take on more day-to-day responsibilities at all levels throughout the Support Center.
“This promotion creates a clear line of succession, which the Board of Directors and I have been working on for more than a year. With Gina as President, along with our phenomenal leadership team, I will be able to spend more time in the field supporting operations for all three concepts,” said Morgan.
About the Company
Texas Roadhouse, Inc. is a growing restaurant company operating predominantly in the casual dining segment that first opened in 1993 and today has grown to over 690 restaurants system-wide in 49 states and ten foreign countries. For more information, please visit the Company’s Web site at www.texasroadhouse.com.
Contacts:
Investor Relations
Michael Bailen
(502) 515-7298
Media
Travis Doster
(502) 638-5457
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