TGI Fridays Announces Executive Leadership Transition
TGI Fridays announced Thursday that Nick Shepherd has decided to step down from his role as president and chief executive officer.
Shepherd recently informed the Fridays board of his resignation.
He will continue to actively lead the business through mid-October, and will be working closely with Fridays Chairman of the Board John Antioco.
The board has launched a search for the successor, which will be led by Sentinel Capital Partners, Fridays majority shareholder. Because it is unlikely a new CEO will be in place prior to Shepherd leaving the business, Antioco will serve as interim CEO at that time.