Leadership

Scott Crane ousted as CEO of Pizza Inn parent

Bob Bafundo, the company’s president, was named “principal executive officer” of Rave Restaurant Group.
Photograph courtesy of Pizza Inn

Scott Crane was terminated as CEO of Rave Restaurant Group, according to a federal securities filing Tuesday.

The Texas-based parent company of Pizza Inn and Pie Five said it terminated Crane’s employment late last week.

A successor to Crane was not named. Bob Bafundo, who was promoted to Rave president late last year, was named the company's “principal executive officer,” according to the filing.

Crane, a former Smashburger executive, was named CEO of Rave in January 2017. The company’s stock, a small cap penny stock, has more than tripled this year amid sales improvement at its Pizza Inn chain, in particular. But its Pie Five fast-casual pizza brand has struggled.

The company also reported a net loss in the first three months of the year and a credit card breach in April.

Bafundo has been president of the company since September and was named president of Pizza Inn in 2016. He is a longtime industry executive who has worked for brands such as Garbanzo Mediterranean Grill, Back Yard Burgers and others.

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