Cracker Barrel Old Country Store® (NASDAQ: CBRL) has elected Cheryl Henry, former president, CEO, and chairwoman of Ruth's Hospitality Group, Inc., to its board of directors, effective immediately. She replaces director William Moreton, who stepped down for personal reasons. Despite his departure, Moreton will continue to serve as an advisor to the board and management through the end of calendar 2024.
Henry, 50, brings extensive operational leadership experience, having held various senior leadership roles at Ruth's Chris, including chief operating officer, senior vice president, chief branding officer, and chief business development officer. She assumed the role of CEO in 2018. Before joining Ruth's Chris in June 2007, Henry served as chief of staff for the mayor of Orlando.
Carl Berquist, chairman of the Cracker Barrel board of directors, praised Henry's appointment, noting her wealth of industry knowledge and executive leadership experience. He highlighted her success in revitalizing Ruth's Chris as particularly relevant to Cracker Barrel as it undertakes its own strategic transformation.
Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) operates approximately 660 company-owned Cracker Barrel Old Country Store® locations in 44 states and owns the fast-casual Maple Street Biscuit Company. As a result of these announcements, the company's shares have moved 2.0% on the market, and are now trading at a price of $46.53. For the full picture, make sure to review Cracker Barrel Old Country Store's 8-K report.
