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February 13, 2016 8:45 AM ET

Hotels, Restaurants and Leisure

Company Overview of TGI Friday's Inc.

Company Overview

TGI Friday's Inc. owns and operates a chain of restaurants in the United States and internationally. The company offers handcrafted food and drinks, wines, appetizers, and others. It also provides franchise opportunities. The company was founded in 1965 and is based in Carrollton, Texas. TGI Friday's Inc. is a former subsidiary of Carlson Companies, Inc.

4201 Marsh Lane

Carrollton, TX 75007

United States

Founded in 1965

Phone:

972-662-5400

Fax:

972-307-2822

Key Executives for TGI Friday's Inc.

Chief Executive Officer and President
Chief Financial Officer and Executive Vice President
Age: 51
Chief Executive Officer of Fridays UK and Senior Vice President of Fridays UK
President of TGI Fridays International andChief Operating Officer of TGI Fridays International
Head of Business Affairs, Senior Vice President and General Counsel
Compensation as of Fiscal Year 2015.

TGI Friday's Inc. Key Developments

TGI Fridays Names Robert Palleschi as President and CEO, Effective Feb. 8, 2016

TGI Fridays appointed Robert Palleschi as its President and Chief Executive Officer, effective February 8, 2016. Palleschi replaces Nick Shepherd who stepped down from the company in October 2015. Palleschi spent 12 years at global hospitality company, Hilton Worldwide, which operates 12 world-class global brands and includes more than 4,500 managed, franchised, owned and leased hotels and timeshare properties. Palleschi currently serves as Global Head of Full Service Brands, where he oversees all franchise and brand operations for Hilton’s brand, Hilton Hotels & Resorts, DoubleTree by Hilton and Curio, A Collection by Hilton. He is responsible for a portfolio of more than 1,000 hotels and resorts across 91 countries and six continents.

TGI Fridays Presents at BVCA Summit 2015, Oct-08-2015 02:45 PM

TGI Fridays Presents at BVCA Summit 2015, Oct-08-2015 02:45 PM. Venue: London, United Kingdom. Speakers: Karen Forester, Chief Executive Officer.

TGI Fridays Announces Executive Changes

TGI Fridays announced that Nick Shepherd has decided to step down from his role as President and Chief Executive Officer. Shepherd will continue to actively lead the business through mid-October, and will be working closely with Chairman of the Board, John Antioco. The Board has launched a search for the successor, which will be led by Sentinel Capital Partners. 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.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 7, 2015
TGI Friday's Inc., 48 Fridays Restaurants Across the Midwest
Merger/Acquisition
May 27, 2015
TGI Friday's Inc., 16 Restaurants in Orlando
Merger/Acquisition
May 27, 2015
TGI Friday's Inc., 16 Restaurants in the Miami, 16 Florida Locations and Two Locations in Charlotte
 

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