CraftWorks names interim CEO as Srinivas Kumar resigns
Broomfield, Colo. (May 16, 2018)—CraftWorks Restaurants & Breweries Group, Inc. has accepted the resignation of Srinivas Kumar, who became CEO of the company in 2014. Fred Beilstein III will serve as interim CEO as he continues Mr. Kumar’s work to grow all the CraftWorks brands. Old Chicago opened eight new locations in 2016 growing their presence in Texas, North Carolina, Missouri, and Colorado. 2017 added an additional eight restaurants including locations in Colorado, South Carolina, Kansas, Arkansas, Tennessee, and Wyoming.
“I am very optimistic with the increased traffic and sales we are seeing this Spring, especially with our loyalty guests,” said Beilstein. “Despite what have been difficult times for many in casual dining, the CraftWorks family of brands represent enduring concepts that have resonated with our guests over many decades.”
The company anticipates opening 10 additional franchise restaurants in 2018. CraftWorks opened two new Rock Bottom Brewery locations this year including Highlands Ranch, Colo. and Daytona, Fla. Gordon Biersch licensed operations will also see additional growth in 2018. Additional growth initiatives include the expansion of delivery with Grubhub recently and new menu launches this month.
CraftWorks Restaurants & Breweries, Inc. is the largest craft brewery restaurant operator in the United States with nearly 200 franchised and company-owned restaurants primarily operating under the Old Chicago Pizza & Taproom, Gordon Biersch Brewery Restaurants and Rock Bottom Restaurants & Breweries brands.
Source: Business Wire
Photo credit: CraftWorks