James O’Connor to “take a similar role with a private company”
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Bravo Brio Restaurant Group Inc. CFO James O’Connor has resigned “to accept a similar role at a private company,” the operator said on Tuesday.
O’Connor’s resignation is effective Sept. 15.
Bravo Brio CEO Brian O’Malley said a search for O’Connor’s replacement has begun.
“We have a great finance team that will support us on an interim basis,” O’Malley said.
Bravo Brio has 50 Bravo Cucina Italiana locations and 63 Brio Tuscan Grille units. The casual-dining chains have struggled in recent years with weak same-store sales, including a 1-percent combined decline in the second quarter ended June 25.
Bravo Brio’s stock fell about 3 percent in Tuesday morning trading. The company’s stock is down more than 26 percent for the year, and is trading below $3 per share.
Contact Jonathan Maze at [email protected]
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