Ruby Tuesday Announces the Appointment of James J. “JJ” Buettgen as President and Chief Executive Officer

  Ruby Tuesday Announces the Appointment of James J. “JJ” Buettgen as
  President and Chief Executive Officer

Business Wire

MARYVILLE, Tenn. -- November 19, 2012

Ruby Tuesday, Inc. (NYSE: RT) today announced the appointment of JJ Buettgen
as President and Chief Executive Officer. He joins Ruby Tuesday from his most
recent role as Chief Marketing Officer of Darden Restaurants, Inc.
Additionally, Lead Director Matthew Drapkin has been appointed as Chairman of
the Board. Both of these appointments are effective December 1, 2012 and
follow the previously-announced retirement of Founder Sandy Beall as Chairman,
President, and Chief Executive Officer.

Lead Director Matt Drapkin said, “The Board of Directors is confident that
JJ’s proven track record at Darden makes him the right leader for Ruby
Tuesday. We have tremendous opportunity ahead of us and JJ’s strategic
thinking and brand marketing experience in the restaurant industry will be
very valuable as we look to build upon our current momentum in order to drive
future growth and value."

Mr. Buettgen added, "It is an honor to lead Ruby Tuesday and I am excited to
join the Company and work with the seasoned management team and dedicated team
members to create value for our shareholders. I believe this will be an
exciting period of growth for the Company and I am eager to begin.”

Prior to his most recent role as Senior Vice President and Chief Marketing
Officer for Darden Restaurants, the world's largest full-service restaurant
operating company that owns and operates more than 2,000 casual dining
restaurants in its multiple-brand portfolio, JJ served as Darden’s Senior Vice
President of Business Development and as President of Smokey Bones Barbeque &
Grill. JJ has over 20 years of experience in the restaurant and consumer
industries including roles at Disneyland Resorts, Brinker International, and
General Mills. He holds a BS in Finance from Miami University in Oxford, Ohio
and an MBA in Marketing Management from the University of California at Los
Angeles.

Mr. Drapkin commented, “On behalf of the Board of Directors, we would like to
recognize and express our thanks to Sandy for his vision and significant
contributions over the last 40 years in founding and building Ruby Tuesday
into the great brand that it is today. We wish him the best in his future
endeavors.”

Sandy Beall added, “It has been a privilege to lead this great brand and team
over the past 40 years. I am very excited about JJ’s appointment as CEO and
look forward to working with him and the Board to ensure a smooth transition.”

                              ABOUT RUBY TUESDAY

Ruby Tuesday, Inc. has Company-owned and/or franchise Ruby Tuesday brand
restaurants in 45 states, the District of Columbia,12 foreign countries, and
Guam. As of September 4, 2012, we owned and operated 712 Ruby Tuesday
restaurants and franchised 78 Ruby Tuesday restaurants, comprised of 34
domestic and 44 international restaurants. Our Company-owned and operated
restaurants are concentrated primarily in the Southeast, Northeast,
Mid-Atlantic, and Midwest of the United States, which we consider to be our
core markets.

Ruby Tuesday, Inc. is traded on the New York Stock Exchange (Symbol: RT).

Special Note Regarding Forward-Looking Information

This press release contains various forward-looking statements, which
represent our expectations or beliefs concerning future events, including one
or more of the following: future financial performance and restaurant growth
(both Company-owned and franchised), future capital expenditures, future
borrowings and repayments of debt, availability of financing on terms
attractive to the Company, payment of dividends, stock and bond repurchases,
restaurant acquisitions, conversions of Company-owned restaurants to other
dining concepts, and changes in senior management and in the Board of
Directors. We caution the reader that a number of important factors and
uncertainties could, individually or in the aggregate, cause our actual
results to differ materially from those included in the forward-looking
statements (such statements include, but are not limited to, statements
relating to cost savings that we estimate may result from any programs we
implement, our estimates of future capital spending and free cash flow, our
targets for annual growth in same-restaurant sales and average annual sales
per restaurant, and the benefits of our television marketing), including,
without limitation, the following: general economic conditions; changes in
promotional, couponing and advertising strategies; changes in our guests’
disposable income; consumer spending trends and habits; increased competition
in the restaurant market; laws and regulations affecting labor and employee
benefit costs, including further potential increases in state and federally
mandated minimum wages, and healthcare reform; guests’ acceptance of changes
in menu items; guests’ acceptance of our development prototypes, remodeled
restaurants, and conversion strategy; mall-traffic trends; changes in the
availability and cost of capital; weather conditions in the regions in which
Company-owned and franchised restaurants are operated; costs and availability
of food and beverage inventory; our ability to attract and retain qualified
managers, franchisees and team members; impact of adoption of new accounting
standards; impact of food-borne illnesses resulting from an outbreak at either
Ruby Tuesday or other restaurant concepts; our ability to successfully
integrate acquired companies; our ability to complete our planned
sale-leaseback transactions; effects of actual or threatened future terrorist
attacks in the United States; and significant fluctuations in energy prices.

Contact:

Ruby Tuesday, Inc.
Greg Ashley, 865-379-5700
 
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