Piper Jaffray Downgrades Fiesta Restaurant Group (FRGI) to Neutral

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Go back to Piper Jaffray Downgrades Fiesta Restaurant Group (FRGI) to Neutral

Fiesta Restauran (FRGI) CEO Taft to Retire; Will Review Strategic Plan

August 25, 2016 4:46 PM EDT

Fiesta Restaurant Group, Inc. (Nasdaq: FRGI), parent company of the Pollo Tropical® and Taco Cabana® fast casual restaurant brands, today announced that Tim Taft, Fiesta's CEO and President, has informed the Board of Directors that he has decided to retire as CEO, President and a director of Fiesta at the end of the 2016 fiscal year.

Fiesta's Chairman of the Board, Jack Smith, stated, On behalf of Fiesta's Board of Directors, we are extremely grateful to Tim for his outstanding leadership. Tim was instrumental in guiding the Company through its successful transition as an... More