Einstein Bros. Does Management Reshuffle

Lakewood, Colo.-based Einstein Noah Restaurant Group needs a new CFO.

On Friday, the company better known as "Einstein Bros." announced that Chief Restaurant Officer Brian Unger will be retiring on July 18. He will be immediately replaced by Chief Financial Officer Manny Hilario, who will take on the title of "Chief Operations Officer."

Announcing the switch, which he characterized as being "part of a planned succession," company CEO Jeffrey O'Neill called Hilario "a highly respected leader ... not only for his financial expertise, but also as an insightful and results-driven restaurateur."

Be that as it may, his appointment does create another dilemma for Einstein -- the company now needs to find a new CFO.

The company says a search is under way to find such a CFO.

The article Einstein Bros. Does Management Reshuffle originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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