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December 01, 2015 7:33 PM ET

Hotels, Restaurants and Leisure

Company Overview of Ovation Brands, Inc.

Company Overview

Ovation Brands, Inc. operates restaurants in the United States. Its restaurants include steak-buffet and steakhouse restaurants with a menu ranging from grilled-to-order steaks, single-serve dishes, scratch-made soups, entrees and desserts, beverage bars, buffets, chops and grilled seafood, and others. Ovation Brands, Inc. was formerly known as Buffets, Inc. and changed its name to Ovation Brands, Inc. in October 2013. The company was founded in 1983 and is headquartered in Eagan, Minnesota. Ovation Brands, Inc. operates as a subsidiary of Buffets Holdings, Inc. As of August 19, 2015, Ovation Brands, Inc. operates as a subsidiary of Food Management Partners, Inc.

1020 Discovery Road

Suite 100

Eagan, MN 55121

United States

Founded in 1983





Key Executives for Ovation Brands, Inc.

Chief Executive Officer
Age: 68
Chief Financial Officer
Age: 54
Chief Operating Officer
Executive Vice President of Operations Services
Age: 61
Compensation as of Fiscal Year 2015.

Ovation Brands, Inc. Key Developments

Ovation Brands Announces Executive Changes

Ovation Brands announced the promotion of company veteran Richard Wykes to the position of Senior Vice President (SVP) of Restaurant Operations for the company's Buffet Division, and the expansion of duties of Chip Romp to Vice President of Training & Operations Support spanning both the Buffet and Ryan's divisions. Pete Pascuzzi retains the role of SVP of Restaurant Operations for the Ryan's Division. The positions report to Greg Graber, Chief Operating Officer for the company. Wykes has served as the SVP of Operations Services for the past two years and Vice President of Operations Services for the prior two years for the Buffets portfolio for Ovation Brands, which includes Country Buffet®, Old Country Buffet® and Hometown® Buffet.

Ovation Brands Looking For Strategic Alternatives

Ovation Brands, Inc. recently hired Duff & Phelps Corporation to assist with an evaluation of potential strategic alternatives including a sale of the business.

Ovation Brands Announces Executive Appointments

Ovation Brands announces a change in operations leadership and corporate structure as the brand prepares to rollout its reinvention to the entire system. Seasoned restaurant pros George Wooten and Pete Pascuzzi, who have been spearheading re-concepting efforts across the enterprise in executive leadership capacities, will be assuming new roles as divisional chiefs for the Buffet and Ryan's brands, respectively and both will report to chief operating officer Greg Graber.

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