US-based restaurant chain Noodles & Company has named Drew Madsen as its interim CEO, effective immediately.
Madsen, who was Noodles & Company Board director, has assumed the new role following the departure of Dave Boennighausen.
The Board has started searching for a new permanent CEO to lead the company into its next growth phase.
Noodles & Company Board chairman Jeff Jones said: “We are very excited to have Drew step into the interim CEO role and remain on our Board.
“He is a seasoned executive with a deep understanding of our company’s operations and strategy and has a successful track record as a leader in the restaurant industry.
“We have full confidence in his ability to guide the company effectively during this time as we focus on key strategic initiatives to drive top-line growth and bottom-line results and significantly enhance stockholder value.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
With vast experience in the restaurant industry, Madsen was previously associated with well-established brands, where he served as president and COO.
Most recently, Madsen served as the president of Panera Bread. Prior to Panera, he was with Darden Restaurants for 15 years.
Madsen said: “I am honoured to take on this role and work with our dedicated employees, partners, and stakeholders while we search for a permanent leader.
“As interim CEO, I will focus the Noodles team on delivering exceptional experiences to our customers and effectively implementing the initiatives that drive business growth.”