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UNO RESTAURANT: Robert M. Vincent to Leave Executive VP Position
Robert M. Vincent, Executive Vice President and Chief Finacial Officer of Uno Restaurant Holdings Corporation, has resigned effective Feb. 29, 2008, as he has accepted the CFO position at Ruth's Chris Steakhouse. In making the announcement, Uno's President and Chief Exucutive Officer, Frank W. Guidara, thanked Bob for his dedicated service to the company. A search for a replacement is underway and the company expects to have a replacement named in the next 60 days.
Uno Restaurant Holdings Corp. is regionally concentrated, with about 50% of company-owned restaurants in either Massachusetts or New York. Other core markets include the suburban shopping centers and regional mall areas of the Baltimore/Washington D.C. area and Chicago. Uno Chicago Grill restaurants are located in 30 states, the Districtof Columbia, Puerto Rico, South Korea and the United Arab Emirates.
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As reported in the Troubled Company Reporter-Latin America on Feb. 11, 2008, Standard & Poor's Ratings Services has lowered its ratings on Boston-based Uno Restaurant Holdings Corp. to 'CCC' from 'CCC+'. S&P's outlook remains negative.
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