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Noodles & Co (NDLS.OQ)

NDLS.OQ on NASDAQ Stock Exchange Global Select Market

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Summary

Name Age Since Current Position

Paul Murphy

62 2017 Executive Chairman of the Board

Dave Boennighausen

39 2017 Chief Executive Officer, Director

Susan Daggett

56 2017 Interim Chief Financial Officer

Paul Strasen

58 2008 Executive Vice President, General Counsel, Secretary

Brad West

60 2017 Executive Vice President - Operations

Kathy Lockhart

50 2006 Vice President, Controller

Scott Dahnke

49 2011 Lead Director

Francois Dufresne

2016 Director

Robert Hartnett

2017 Director

Thomas Lynch

57 2017 Director

Mary Egan

2017 Independent Director

Jeffrey Jones

55 2013 Independent Director

Andrew Madsen

2017 Independent Director

Andrew Taub

47 2010 Independent Director

Biographies

Name Description

Paul Murphy

Mr. Paul J.B. Murphy III, has been appointed as Executive Chairman of the Board of the Company., effective July 10, 2017. Mr. Murphy was appointed Del Taco Restaurants, Inc., Chief Executive Officer in February 2009 and will step down from that role in July 2017 before assuming his position as Executive Chairman of the Company. From 1996 to 2008, Mr. Murphy held various roles with Einstein Noah Restaurant Group, Inc., including serving as its President and Chief Executive Officer beginning in 2003. Mr. Murphy holds a Bachelor’s Degree in Religious Studies from Washington & Lee University.

Dave Boennighausen

Mr. Dave James Boennighausen is Chief Executive Officer, Director of Noodles & Company. Mr. Boennighausen served as the Company’s CFO from July 2012 through his appointment as CEO on June 13, 2017. He became a member of the Board in August 2015 and will remain a director. Mr. Boennighausen has held various roles at the Company, including Vice President of Finance and Executive Vice President of Finance, since joining the Company in 2004. He holds an MBA from the Stanford Graduate School of Business and received a BS in Finance and Marketing from Truman State University.

Susan Daggett

Ms. Susan Daggett is Interim Chief Financial Officer of the Company. Ms. Daggett has served as the Company’s Vice President of Finance since August 2016. She has extensive experience in the restaurant industry having served as Executive Vice President of Smiling Moose Franco, LLC, from March 2016 through July 2016, and President of Smiling Moose Deli Franchise Company from November 2013 to March 2016. Ms. Daggett was Owner and President of Nuthatch Hill Consulting, LLC, which focused on the retail and real estate industries, from January 2005 to October 2013.

Paul Strasen

Mr. Paul Strasen is no longer a Executive Vice President, Secretary and General Counsel Of Noodles & Company effective December 29, 2017. Prior to joining our company, Mr. Strasen was the Vice President, General Counsel and Secretary of Houlihan’s Restaurants, Inc. and served as the General Counsel of Einstein/Noah Bagel Corp. He began his career at Bell Boyd & Lloyd, now part of K & L Gates. Mr. Strasen received a BA in Humanities and Political Science from Valparaiso University and received a JD from The University of Chicago Law School.

Brad West

Mr. Brad West is appointed as Executive Vice President - Operations of the company effective September 10, 2017. He is joining the Company with an extensive background in operations in the restaurant industry over the past 40 years. He most recently served as Vice President, Operations of Smoothie King Franchisees, Inc. Prior that role, we was Chief Operating Officer of ACG Pizza Partners LLC, and he had earlier spent 16 years at Einstein Noah Restaurant Group, Inc., most recently as Senior Vice President, Non-Traditional Business, where he was responsible for the operations, development and growth of over 250 Einstein Bros. Bagels license locations.

Kathy Lockhart

Ms. Kathy Lockhart is Vice President and Controller of Noodles & Company since August 2006. Ms. Lockhart served as the Vice President and Controller of several public and private restaurant and retail companies, including Einstein/Noah Bagel Corp., Boston Market, VICORP (parent company of Village Inn and Bakers Square restaurants) and Ultimate Electronics. She received a BA in Business Administration and Political Science from Western State College, and is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants.

Scott Dahnke

Mr. Scott A. Dahnke is Director of Noodles & Company since September 2011. Mr. Dahnke has been a Managing Partner of Catterton since 2003, and has a broad range of business experience in private equity, consulting, management and finance. Catterton is an affiliate of the Company because, they, together with Argentia, own more than 50% of our capital stock and we entered into a stockholders agreement with them. These arrangements are discussed further in the “Transactions with Related Persons” section of this proxy statement. Prior to joining Catterton, he was a Managing Director at Deutsche Bank Capital Partners and at AEA Investors, where he led AEA’s consumer products investing efforts. Previously, Mr. Dahnke was the Chief Executive Officer of infoUSA, a leading publicly traded provider of business and consumer marketing products and services. Prior to joining infoUSA, Mr. Dahnke served clients on an array of strategic and operational issues as a Partner at McKinsey & Company. His early career also includes experience in the Merger Department of Goldman, Sachs & Co. and with General Motors. Mr. Dahnke received a BS, magna cum laude, in Mechanical Engineering from the University of Notre Dame. He also received academic honors while earning an MBA from the Harvard Business School. Mr. Dahnke brings expertise in the retail and consumer industry.

Francois Dufresne

Mr. Francois Dufresne is Director of the Company. Mr. Dufresne joined PSPIB as a Senior Director, Private Equity in January 2016. From August 2013 to March 2015, he was Vice President, Corporate Development and Chief Financial Officer at Ovivo Inc., a Montréal-based company listed on the TSE that designs and delivers conventional to highly technological water treatment solutions for industrial and municipal markets around the world. From 2002 to June 2013, Mr. Dufresne was a Partner at Ernst & Young LLP in Canada. From 1997 to 2002, he was Vice President, Corporate Development at Telesystem International Wireless Inc., a Montréal-based company listed on the NASDAQ stock exchange and on the Toronto Stock Exchange "the TSE" that operated wireless voice and data networks in several markets outside of North America, including Brazil, the Czech Republic and Romania. Prior to that, Mr. Dufresne spent 11 years at Arthur Andersen in Canada, the last four years as a Partner. He holds a law degree (LL.B., 1982) from Université Laval and a master’s degree in taxation (M.Fisc., 1987) from Université de Sherbrooke.

Robert Hartnett

Mr. Robert Hartnett has been appointed as Director of the Company., effective July 10, 2017. He currently serves as Chairman of the Board of the Company. He has over 40 years of restaurant industry experience. Most recently he served as Chief Executive Officer for Houlihan's Restaurants, Inc., a position that he held from 2001 until successfully negotiating the sale of that company in 2015. During his tenure at Houlihan's, Mr. Hartnett successfully re-invented and revitalized the Houlihan's brand. Prior to joining Houlihan's, Mr. Hartnett served as President, CEO and Chairman of Einstein/Noah Bagel Inc., a publicly traded company with more than 500 Einstein Bros. and Noah's New York Bagels restaurants across 27 states. In addition, he has owned and operated Einstein Bros. and Boston Market franchise restaurants and has served as President of Bennigan's Restaurants, a multi-unit casual dining operator.

Thomas Lynch

Mr. Thomas E. Lynch is Director of the Company. Since January 2005, Mr. Lynch has served as the Senior Managing Director of Mill Road Capital Management LLC, a private equity firm he founded that is headquartered in Connecticut. Mr. Lynch previously founded and was a managing director of the private equity firm Lazard Capital Partners. He also was previously employed as a Managing Director of private equity at the Blackstone Group and as a senior consultant at the Monitor Company, a strategic consulting firm. Mr. Lynch's extensive experience as a director includes currently serving as chairman of the board of directors of Rubio's Restaurants, Inc., a privately held restaurant company controlled by Mill Road Capital Management LLC, and as a director of Panera Bread Company. He previously served as a director of Physicians Formula Holdings, Inc., a public cosmetics company, and has also served on numerous other private and not-for-profit boards of directors. Mr. Lynch earned his Bachelor’s degree with honors in Political Economy and Philosophy from Williams College, a Master of Philosophy degree from Oxford University and a Master of Business Administration degree from Stanford University.

Mary Egan

Ms. Mary C. Egan is Independent Director of the Company. Ms. Egan co-founded and currently serves as CEO of Gatheredtable, a profitable consumer SaaS company offering customized meal planning. Prior to Gatheredtable, Ms. Egan served as Head of Global Strategy and Corporate Development at Starbucks, where she partnered with the senior leadership team to develop and execute corporate strategy, and led many successful strategic initiatives focusing on cost reduction, developing markets, digital, and food. Before joining Starbucks, Ms. Egan was a Managing Director at The Boston Consulting Group where she partnered with CEO’s and boards of leading consumer brands to conceive and successfully drive aggressive growth strategies. While at BCG, she was a frequent global speaker on consumer-centric growth, and was featured in many news outlets, including The Wall Street Journal and The New York Times. Since 2013, Ms Egan has served on the Board of Directors of Les Schwab Tire Centers, a large privately owned tire retailer based in Oregon, where she leads the Nominating and Governance Committee and also serves on the Audit Committee. In addition, she has served for over ten years on multiple non-profit boards in both New York and Seattle. Ms. Egan holds a BA from Barnard College, Columbia University, an MSEd from Bank Street Graduate School of Education, and an MBA from Columbia Business School.

Jeffrey Jones

Mr. Jeffrey W. Jones is Independent Director of Noodles & Company. He has been a member of our Board of Directors since September 2013. Mr. Jones is the former Chief Financial Officer for Vail Resorts, Inc., a position he held from 2003 through 2012. He was also a member of the Board of Directors of Vail Resorts, Inc. from 2008 through 2012. Mr. Jones is currently a member of the Board of Directors of Hershey Entertainment and Resorts, where he chairs the Audit and Finance Committee, and Summit Hotel Properties, where he is a member of the Audit and Nominating Committees. He is also a member of the US Bank Advisory Board and is a member of the board at the Leeds School of Business, University of Colorado at Boulder. Prior to joining Vail Resorts, Mr. Jones held CFO positions with Clark Retail Enterprises and Lids Corporation. Mr. Jones received a BA in Accounting and American Studies from Mercyhurst College and is a member of the AICPA. Mr. Jones provides our board with significant public company experience in financial positions including significant audit committee roles, as well as overall financial, operations and strategic development experience.

Andrew Madsen

Mr. Andrew H. (Drew) Madsen is Independent Director of the Company. Mr. Madsen most recently served as President of Panera Bread where he helped guide the brand to industry leadership positions in clean food, digital ordering/payment and delivery, resulting in Panera’s strongest same restaurant sales growth in the last four years. He also spent 15 years at Darden, most recently as the President and Chief Operating Officer as well as a member of the Board of Directors for nine years. During his tenure, Darden became the most successful multi-brand operator in full-service dining. Mr. Madsen has also served on the board of Talbot’s Inc., sitting on the Compensation and Audit Committees. Mr. Madsen began his career with General Mills in brand management and progressed from Marketing Assistant to VP of Marketing while working on such iconic brands as Wheaties and Yoplait Yogurt. He holds an MBA with Distinction from the University of Michigan and earned a bachelor’s degree, magna cum laude, from DePauw University, where he was a member of the Phi Beta Kappa Society.

Andrew Taub

Mr. Andrew Taub is Director of Noodles & Company since December 2010. Mr. Taub is a Senior Partner at Catterton. He joined Catterton in 1996 and has previously served as a Vice President and Principal prior to becoming a Partner in the firm. Catterton is an affiliate of the Company because, they, together with Argentia, own more than 50% of our capital stock and we entered into a stockholders agreement with them. These arrangements are discussed further in the “Transactions with Related Persons” section of this proxy statement. Mr. Taub has helped capitalize and grow over a dozen consumer companies including restaurants, retail, food and beverage and marketing services. Prior to joining Catterton, he spent three years as Vice President of Nantucket Holding Company, a merchant bank specializing in the acquisition and management of troubled companies, as well as the consolidation of fragmented industries. Previously he worked in Mergers and Acquisitions at Dean Witter Reynolds and Coopers & Lybrand. Mr. Taub received a BA from the University of Michigan and an MBA from Columbia Business School. Mr. Taub brings expertise in the retail and consumer industry.