June 26--Ruby Tuesday Inc. announced Thursday that Jill Golder has been named the top finance executive for the struggling restaurant chain.
Golder, who joined the Maryville-based company a little more than a year ago, has been promoted to executive vice president and chief financial officer effective immediately, according to a news release.
She succeeds Michael Moore, who announced his retirement.
Moore, who has been with Ruby Tuesday for about three years, will remain with the company as an adviser to the executive team until his retirement in August.
Golder previously served as senior vice president of finance.
She moves into Ruby Tuesday's top finance post at a time when the national chain is losing money, closing restaurants and transforming its brand.
Golder could not immediately be reached for comment.
In the last two quarters, Ruby Tuesday has lost nearly $42 million as revenue has tumbled, and it's closed dozens of underperforming locations.
In the fiscal third quarter, which ended March 4, revenue dropped to $295.6 million, down 3.8 percent from $307.4 million in the same period the previous year.
Chairman, President and CEO J.J. Buettgen said in a release that Golder has a track record of "developing insights and KPI's (key performance indicators) that focus on strengthening sales and building sustainable business models."
Golder has more than 25 years of restaurant experience, much of it with Darden Restaurants.
During her last 10 years with Darden, Golder served as senior vice president of finance for the Olive Garden and Red Lobster brands and the Specialty Restaurant Group, the release said.
Ruby Tuesday shares shed 13 cents tin Thursday trading to close at $7.27.
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