Financing

Noodles’ CFO resigns

Ken Kuick, who has been with the chain since 2018, said his departure is not connected to the fast casual’s performance during the pandemic.
Noodles CFO Resigns
Photograph: Shutterstock

Noodles & Co. is in search of a new chief financial officer following the resignation of Ken Kuick, the chain announced Monday.

Kuick’s departure, effective this Friday, will allow him to “pursue other business interests,” according to a press release. He will remain available to assist with the CFO transition through at least the end of September, the company said.

Kuick had been chief accounting officer at real estate investment trust Vici Properties before joining the Broomfield, Colo.-based fast-casual chain as CFO in October 2018.

Noodles has struggled to find its footing during the pandemic, recently announcing a same-store sales drop of 30.9% for its second quarter.

Kuick’s departure is not tied to the 450-unit chain’s performance, he said.

“I have the utmost confidence in the brand, and I am grateful for the opportunity to work with one of the most dedicated teams in the restaurant industry,” he said in a statement.

Noodles is planning on launching smaller-footprint stores, as well as those with enhanced limited-contact pickup options, in an effort to improve sales.

The company has launched a formal search for Kuick’s replacement.

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