VAUGHAN, ON, Nov. 30, 2021 /CNW/ - Recipe Unlimited
Corporation today announces that effective December 31,
2021, David Aisenstat will be retiring from his role as
Vice-Chair of the Board of Directors. In June, 2022, Mr. Aisenstat
will also be stepping down as CEO of The Keg and will transition to
Chair of The Keg's board at that time.
"David is a legend in the restaurant industry. After 25
years at the helm of The Keg, he has definitely earned the right to
pass the baton to Nick Dean,
President of The Keg. Fortunately, David will stay on as
Chair of The Keg and we will always be able to seek out his
counsel. I want to thank him for everything he has done for
The Keg and for the restaurant industry," said Frank
Hennessey, Recipe's CEO.
"On behalf of Recipe's Board of Directors and Recipe's largest
shareholder, Fairfax Financial, we thank David for his leadership
and partnership and, most importantly, we are thankful that David
trusted us to join the Recipe family of restaurants over seven
years ago. David has done a phenomenal job running The Keg
and turning it into Canada's most
recognizable restaurant brand. We look forward to his wisdom and
friendship for many years to come as Chair of The Keg." said
Paul Rivett, Recipe's Chair of the
Board of Directors.
Mr. Aisenstat commented, "It was an honour and a pleasure to
serve as Vice Chair of Recipe since the merger of Cara and The Keg
in 2018. Recipe certainly has a storied and successful past ever
since it began in 1883 as Canada Railway News Company. I believe
the future for Recipe will be every bit as exciting and successful
with several of the most prominent Canadian restaurant brands in
Recipe's large portfolio. Happily, my continuing role at The Keg
will allow me to remain within the fine Recipe family going
forward."
About Recipe
Founded in 1883, Recipe Unlimited Corporation is Canada's largest full-service restaurant
company. The Company franchises and/or operates some of the most
recognized brands in the country including Swiss Chalet, Harvey's,
St-Hubert, The Keg, Montana's, Kelseys, East Side Mario's, New
York Fries, Fionn MacCool's, Bier Markt, The Landing Group of
Restaurants, Original Joe's, State & Main, Elephant &
Castle, The Burger's Priest, The Pickle Barrel, Marigolds &
Onions, Blanco Cantina, Añejo, Fresh
and Ultimate Kitchens.
Recipe's iconic brands have established the organization as a
nationally recognized franchisor of choice. As of September 26, 2021, Recipe had 21 brands and
1,284 restaurants, 84% of which are operated by franchisees and
joint venture partners, operating in several countries
(Canada, USA, UAE, Saudi
Arabia and India).
Recipe's shares trade on the Toronto Stock Exchange under the
ticker symbol RECP. More information about the Company is available
at www.recipeunlimited.com.
SOURCE Recipe Unlimited Corp.