Leadership

Seenu Kasturi named CEO of Arc Group

Richard Akam will remain as COO of the owner of Dick’s Wings and Tilted Kilt.
Photograph courtesy of Tilted Kilt

Arc Group, the owner of Dick’s Wings & Grill, Tilted Kilt Pub & Eatery and Fat Patty’s, on Wednesday named CFO Seenu Kasturi the company’s chief executive officer.

Former CEO Richard Akam, meanwhile, will serve as the company’s chief operating officer.

The management shift comes after an active period in which the Jacksonville, Fla.-based company acquired Tilted Kilt and Fat Patty’s in a pair of deals setting it up to be a multibrand operator.

Kasturi had already been the company’s chairman and in his new position will guide the company’s acquisition strategy. Kasturi told Restaurant Business in November that the company has three deals in the pipeline.

“People are reaching out to us,” he said. “We have more opportunities than we can handle. We can’t pursue them all.”

Akam, the former CEO of Hooters, will be responsible for “driving organic growth” and integrating restaurant chains into the company’s operations.

“Arc Group is in a period of unprecedented growth, both organic and through acquisitions,” Kasturi said in a statement. “We now have a strong, proven track record, and I look forward to replicating this success given the state of the market and robust opportunities we have identified.”

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Financing

For Papa Johns, the CEO departure came at the wrong time

The Bottom Line: The pizza chain worked to convince franchisees to buy into a massive marketing shift. And then the brand’s CEO left.

Leadership

Restaurants bring the industry's concerns to Congress

Nearly 600 operators made their case to lawmakers as part of the National Restaurant Association’s Public Affairs Conference.

Financing

Proposed TGI Fridays sale is no home run, but has promise for both sides

The $220 million all-stock deal would get Fridays’ owner TriArtisan out of its decade-long investment and give the struggling chain a like-minded partner in franchisee Hostmore, experts say.

Trending

More from our partners