Former McDonald’s executive Jose Armario was named CEO of Bojangles’ Famous Chicken ‘n Biscuits Monday, the same day the chain’s go-private acquisition by two New York City-based investment firms was finalized.
Joining Armario in the C-suite is Brian Unger, Bojangles’ new chief operating officer. Unger, who spent 20 years in executive positions with McDonald’s, also served as COO for Einstein Noah Restaurants Group Inc. and president and COO of Long John Silver’s.
Bojangles’ was acquired by Durational Capital Management and The Jordan Company in a deal originally announced in November that will pay stockholders $16.10 per share.
The Charlotte, N.C.-based chain operates 759 units, of which 440 are franchised.
Former CEO Clifton Rutledge resigned suddenly early last year, and Randy Kibler—who had previously served as the company’s president, CEO and director—took over as interim head.
The quick-service chain weathered recent financial difficulties, closing a dozen units late last year and making plans to refranchise more than two dozen others.
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