President and CEO of Bubba Gump Shrimp Co. Restaurants, Inc. Resigns

SAN CLEMENTE, Calif., Feb. 22 - Scott Barnett, founding President and CEO of Bubba Gump Shrimp Co. Restaurants, Inc. has announced today his resignation.  As President and CEO, Mr. Barnett’s responsibilities included leadership of the Bubba Gump Shrimp Co. Restaurants and Markets, The Mai Tai Bar nightclubs, Capi’s Italian Kitchen and The Newport Beach Rusty Pelican.

“This was a difficult decision.  The team here has achieved great results, particularly in the last couple of years,” said Mr. Barnett. “The people who work here are second to in the industry.”

Having been at the helm of the company since its inception in 1996, Mr. Barnett guided the company to a remarkable ten consecutive years of comp store growth.

“Scott is the most gifted restaurant executive I’ve met,” said Gordon Miles, Chairman of the Board. “We’re extremely sorry to see him go.”

Daily operations will be transitioned over the coming weeks to company Vice Presidents Tim Busald and Gail Taggart.

Source: Bubba Gump Shrimp Co. Restaurants, Inc.

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