President/CEO of American Blue Ribbon Holdings Steps Down
Hazem Ouf announced Thursday that he has resigned his position as president/CEO and vice chairman of American Blue Ribbon Holdings effective October 1.
Ouf has served as president and CEO of ABRH since the company was formed in March 2009. He was hired by Fidelity Newport Holdings and its wholly owned subsidiary ABRH to restructure and revitalize the company. In the ensuing seven years, Ouf created a successful business model of diversified multi-restaurant concepts and a bakery manufacturing facility. He grew the company’s annual revenue from $375 million to more than $1.2 billion, becoming the eighth largest full-service restaurant group