CraftWorks Restaurants & Breweries Group Inc. has accepted the resignation of CEO Srinivas Kumar, who joined the Broomfield, Colo.-based restaurant group in 2014, the company said Wednesday. Fred Beilstein III will serve as interim CEO.
“I am very optimistic with the increased traffic and sales we are seeing this spring, especially with our loyalty guests,” Beilstein said in a news release. “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. I do not see that changing as we provide guests with great craft beer and craveable food.”
The news release noted that the restaurant group had opened eight restaurants in each of the past two years and plans to open 10 franchised restaurants in 2018.
The craft-beer-focused restaurant group includes 200 franchised and company-owned restaurants primarily operating under the Old Chicago Pizza & Taproom, Gordon Biersch Brewery Restaurants and Rock Bottom Restaurants & Breweries brands.
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