McCormick & Schmick’s Seafood Restaurants on Wednesday announced that it named Michelle Lantow as CFO.
Her appointment will take effect 6 January, 2010.
Lantow has 25 years of experience in corporate financial management and leadership, most recently serving as president and CFO of Lucy Activewear, a Portland, Ore.-based apparel company.
“We are very pleased to welcome Michelle to the McCormick & Schmick’s family,” said Bill Freeman, CEO. “Michelle has a broad base of experience in the areas of corporate financial management and analysis, strategic planning and investor relations with major consumer brands. We believe she is uniquely qualified to help us manage and enhance the McCormick & Schmick’s legacy. Michelle can add tremendous value to the strategic evolution of our brand as we continue to focus on greater connectivity with our guests while maintaining a strong financial position within our industry.”
Lantow joins McCormick & Schmick’s at a difficult time for the high-end restaurant business, which is still struggling financially amid the recession.
In the third quarter, the upscale seafood chain watched its revenues drop 13.6 percent and its same-restaurant sales and traffic slide 18.8 percent and 14.2 percent, respectively.
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