Togo’s Holdings LLC, parent to the Togo’s sandwich chain, said chairman and CEO Tony Gioia will retire on May 31.
Glenn Lunde, Togo’s chief concept officer, will be promoted to president of the brand on June 1, the San Jose, Calif.-based company said.
Gioia has led the sandwich chain for 10 years. He will remain on Togo’s board of directors as a non-executive chairman, the company said.
“It has been a privilege to lead the company for 10 years, and I am incredibly proud of what we have accomplished at Togo’s in that time,” Gioia said in a statement.
Prior to Togo’s, Gioia served as president of Baskin Robbins, on the executive committee for Dunkin’ Donuts, and as chief operating officer at Wolfgang Puck Food Co. Gioia has also been an executive partner with several private-equity firms. In December 2015, he spearheaded the sale of Togo’s to Nimes Capital LLC.
Gioia now prepares to pass the torch.
“Lunde is a tremendously talented executive and is the ideal candidate to step in and take Togo’s to the next level of growth and success,” he said.
Lunde joined Togo’s in January. He previously held branding and marketing roles at Panda Restaurant Group, Round Table Pizza and Taco Bell.
“I have been a loyal Togo’s customer since my high school days in the Bay Area, and I am very excited to lead this amazing brand in its next phase of growth,” Lunde said in a press release.
According to Nation’s Restaurant News Top 200 research, Togo's reported fiscal 2016 U.S. system sales of $145.6 million from a year-end 246 restaurants, including 12 company units and 234 franchised locations.
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