Red Robin Gourmet Burgers Announces Management Changes

Red Robin Gourmet Burgers, Inc., (NASDAQ: RRGB), a casual dining restaurant chain focused on serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today announced the departures of Katie Scherping, chief financial officer and senior vice president, and Susan Lintonsmith, chief marketing officer and senior vice president, effective July 15, 2011. The Company has already initiated searches for their successors.

“On behalf of the Company, I would like to express our gratitude to Katie for her contributions and commitment to Red Robin and to our financial organization”

"On behalf of the Company, I would like to express our gratitude to Katie for her contributions and commitment to Red Robin and to our financial organization," said Stephen Carley, Red Robin Gourmet Burgers, Inc.’s chief executive officer. “In addition, I would also like to thank Susan for her dedication to Red Robin toward increasing the awareness and value of the brand. We wish both of them the best in their future endeavors.”

“The entire Red Robin team remains focused on implementing the initiatives of our strategic plan – Project RED – and working with a sense of urgency to drive performance improvement and build a foundation for long-term growth and profitability,” continued Mr. Carley. “While we are still in the early stages of this effort, we remain on track for achieving the objectives we identified to strengthen our business performance and our management team, and setting a course to become a best-in-class restaurant company.”

Mrs. Scherping’s departure was not related to any disagreement with the Company’s board of directors, audit committee or the Company’s auditors.

Red Robin Gourmet Burgers, Inc. (www.redrobin.com), a casual dining restaurant chain founded in 1969 that operates through its wholly-owned subsidiary, Red Robin International, Inc., serves up wholesome, fun, feel-good experiences in a family-friendly environment. Red Robin® restaurants are famous for serving more than two dozen insanely delicious, high-quality gourmet burgers in a variety of recipes with Bottomless Steak Fries®, as well as salads, soups, appetizers, entrees, desserts, and signature Mad Mixology® Beverages. There are more than 450 Red Robin® restaurants located across the United States and Canada, including company-owned locations and those operating under franchise agreements.

 

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