FORT LAUDERDALE, Fla., May 08, 2023 (GLOBE NEWSWIRE) — BurgerFi International, Inc. (NASDAQ: BFI, BFIIW), owner of one of the nation’s leading fast-casual “better burger” dining concepts through the BurgerFi brand, and the high-quality, casual dining pizza brand under the name Anthony’s Coal Fired Pizza & Wings, today announced that Ian H. Baines has retired from his role of Chief Executive Officer, effective as of June 7, 2023, but, in lieu of any severance that would otherwise be payable under his employment agreement, has agreed to serve as an outside consultant to the Company for the next 12-months following his resignation. The Board has begun a comprehensive search for a new CEO.
“On behalf of the Board, we would like to thank Ian for his service to BurgerFi and for leading Anthony’s through its sale to BurgerFi. We wish Ian all the best in this new chapter of his life,” says Ophir Sternberg, Executive Chairman at BurgerFi.
Sternberg continued, “As we search for a new CEO, John Iannucci, our Chief Operating Officer, will lead the organization on an interim basis. Mr. Iannucci has immersed himself into the Company and has proven himself to be a dynamic and effective leader. We look forward to naming a new CEO once that individual has been identified.”
Ian Baines, Chief Executive Officer of BurgerFi, added, “It has been an honor to lead this Company but the time is now ripe for me to retire. I am proud of what our teams have accomplished in integrating Anthony’s into the BurgerFi system — the Company now has two high-quality brands with growth potential. I wish everyone at BurgerFi all the best.”
Mr. Iannucci has almost 20 years experience in the restaurant industry and has acted as Chief Operating Officer of BurgerFi since January 2023. Prior, he was the Chief Operating Officer of Anthony’s since June 2022. He has held multiple restaurant leadership roles at various companies such as The Cheesecake Factory, Max Brenner, Logan’s Roadhouse, Sharis and Birdcall. Mr. Iannucci holds a certificate in food and beverage management from Cornell University.
About BurgerFi International (Nasdaq: BFI, BFIIW)
Established in 2011, BurgerFi is a leading multi-brand restaurant company that develops, markets, and acquires fast-casual and premium-casual dining restaurant concepts around the world, including corporate-owned stores and franchises. BurgerFi is among the nation’s better burger concepts with 112 BurgerFi restaurants (85 franchised and 27 corporate-owned). As of April 3, 2023, BurgerFi is the owner and franchisor of the two following brands with a combined 172 locations.
