Spicy Pickle Announces President to Step Aside Following Appointment of New CEO and Reconstituted Board
Spicy Pickle Franchising, Inc. (OTCBB: SPKL), operator of the fast casual restaurant chains Spicy Pickle in the United States and Bread Garden Urban Café in Canada, announced that its President has decided to step aside following the company's appointment of a new CEO and election of three new board members.
The company has accepted the resignation of Marc Geman as President and as a member of the Board of Directors. Mr. Geman has resigned to pursue other interests. Mark Laramie, the company's new CEO, stated, "We thank Mr. Geman for his years of service and wish him well in his new endeavors." Mr. Geman noted that "the company is in very capable hands with Mark as its CEO and a dynamic new Board."
The company has also accepted the resignation of Anthony Walker as a Director. Mr. Walker will continue in his current position as Chief Operating Officer. His responsibilities will include company owned restaurant operations, franchise support, distribution, training, and commissary operations. Mr. Laramie stated, "As we look to the future and prepare for expansion of our brands, we are reorganizing the key management staff and infrastructure to elevate us to the next level, while also maximizing cost efficiencies and cash flow."
