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BROOMFIELD, Colo. - Noodles & Company (NASDAQ:NDLS), a fast-casual restaurant chain, has appointed Joe Christina as its new President and Chief Operating Officer. Christina, a veteran in the restaurant industry with over 30 years of experience, will manage the company’s operations and human resources, aiming to enhance the customer and employee experience.
Drew Madsen, CEO of Noodles & Company, expressed confidence in Christina’s ability to build on the company’s operational excellence and drive growth, especially with the upcoming introduction of a new menu. Christina’s extensive background includes significant roles at Burger King, Church’s Chicken, and Tijuana Flats, where he demonstrated his ability to increase revenue and EBITDA growth.
Christina, excited about his new role, praised Noodles & Company’s unique menu and growth potential. He plans to focus on operational excellence, menu innovation, and expanding catering services to foster sustainable success for the brand.
He succeeds Brad West, who retired as COO last year but will continue as Chief of Staff until June 2025 to support a smooth transition. Noodles & Company, known for its globally inspired dishes, operates over 460 locations and employs around 7,000 team members.
This leadership change is based on a press release statement from Noodles & Company.
In other recent news, Noodles & Company announced it has regained compliance with Nasdaq’s minimum bid price requirement. This development comes after the company had previously received a notification of non-compliance due to its stock price falling below $1.00 for 30 consecutive business days. The restaurant chain was given a 180-day grace period to address the issue, during which it successfully increased its stock’s bid price above the $1.00 threshold by February 5, 2025. Nasdaq staff confirmed that Noodles & Company now meets the requirements of Nasdaq Listing Rule 5450(a)(1), thus closing the matter of potential delisting. The company had initially faced the risk of delisting from the Nasdaq Global Select Market if it failed to meet the bid price requirement within the specified timeframe. Noodles & Company had considered various options to regain compliance, including a reverse stock split, but ultimately managed to comply without needing such measures. Mike Hynes, the company’s Chief Financial Officer, confirmed the return to compliance in a report filed with the SEC. This marks a positive step for Noodles & Company amid challenging conditions in the restaurant industry.
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