Texas Roadhouse, Inc, (NasdaqGS: TXRH) today announced executive
management changes at the Company, effective today, August 18, 2011.
W. Kent Taylor will resume the role as Chief Executive Officer of the
Company, a position he held between May 2000 and October 2004. Prior to
being named Chief Executive Officer in May 2000, he was the Company's
President since its founding in 1993. Mr. Taylor will also retain his
positions as Chairman of the Company and Board. Mr. Taylor's return to
his prior position as Chief Executive Officer follows the resignation of
G.J. Hart, former President, Chief Executive Officer and a member of the
Board of Directors, effective August 17, 2011. Mr. Hart left the Company
to accept the positions of Executive Chairman and Chief Executive
Officer of California Pizza Kitchen, Inc.
In addition, Scott M. Colosi has been named President of the Company.
Mr. Colosi has been employed by the Company as its Chief Financial
Officer since September 2002.
Finally, G. Price Cooper, IV has been named Chief Financial Officer of
the Company. Mr. Cooper has been employed by the Company as its Vice
President of Finance since August 2006.
Kent Taylor commented, "I am excited to be returning to the role of
Chief Executive Officer, and I look forward to continuing to work with
Scott, Price, Steve Ortiz, our Chief Operating Officer, Sheila Brown,
our General Counsel, and our entire leadership team to continue driving
our business forward. We will all truly miss GJ. His passion and care
and concern for the people of Texas Roadhouse is Legendary. He will
always be a Texas Roadhouse Legend, and all of us wish him and his
family well in their new venture."
Taylor concluded, "To our partners in the field and at the Support
Center, and to our valued franchisees and vendors, we want to convey
that our commitment to partnership remains solid and unwavering. Our
mission statement of 'Legendary Food and Legendary Service' and our core
values of 'Passion, Partnership, Integrity and Fun . . . All with
Purpose' which embody our culture will continue as always."
Conference Call Scheduled for Thursday, August 18 at 9:00 a.m. ET
Kent Taylor, Chief Executive Officer, Scott Colosi, President, and Price
Cooper, Chief Financial Officer, will hold a conference call to discuss
these executive announcements today, August 18, 2011 at 9:00 a.m.
The dial-in number is (888) 296-4174 or (719) 325-2439 for international
calls. A replay of the call will be available for one week following the
conference call. To access the replay, please dial (877) 870-5176 or
(858) 384-5517 for international calls, and use 4034135 as the pass code.
About the Company
Texas Roadhouse is a casual dining concept that first opened in 1993 and
today operates over 350 restaurants system-wide in 46 states. For more
information, please visit the Company's Web site at www.texasroadhouse.com.
Certain statements in this release that are not historical facts,
including, without limitation, those relating to our anticipated
financial performance, are forward-looking statements that involve risks
and uncertainties. Such statements are based upon the current beliefs
and expectations of the management of the Company. Actual results may
vary materially from those contained in forward-looking statements based
on a number of factors including, without limitation, the actual number
of restaurants opening, the sales at these and our other company and
franchise restaurants, changes in restaurant development or operating
costs, such as food and labor, our ability to acquire franchise
restaurants, our ability to integrate the franchise restaurants we
acquire or other concepts we develop, strength of consumer spending,
conditions beyond the Company's control such as weather, natural
disasters, disease outbreaks, epidemics or pandemics impacting the
Company's customers or food supplies, acts of war or terrorism and other
factors disclosed from time to time in the Company's filings with the
U.S. Securities and Exchange Commission. Investors should take such
risks into account when making investment decisions. Stockholders and
other readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date on which
they are made. The Company undertakes no obligation to update any
For Texas Roadhouse, Inc.
Travis Doster, 502-638-5457