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.”
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