Industry News | January 10, 2012
Capriotti's Promotes Walls to President Position
Capriotti’s announced the appointment of Patrick Walls to president of the company. Walls previously served as chief operating officer for more than two years with the company. Walls will be responsible for implementing and executing the strategy developed by the CEO and the Board of Directors as well as ensuring the company and each of its departments achieves its annual goals.
As COO, Walls oversaw Capriotti’s 50 percent growth while also securing franchise commitments for more than 200 additional restaurants to be built over the next 5 years. Additionally, Walls managed the introduction of a new menu line of salads and was instrumental in entering national agreements with Pepsi and Frito Lay as well as a national distribution agreement with Sysco.
In Walls’ time at Capriotti’s, the brand has seen positive same-store sales increases each year. Prior to joining Capriotti’s, Walls held numerous positions for McAlister’s Corporation, franchisor of the McAlister’s Deli brand from 1996 to 2009 working his way up to chief franchise officer and general counsel. During Walls’ tenure, McAlister’s grew from 10 to more than 280 restaurants with systemwide sales approaching $350 million.Walls is a certified franchise executive and serves on the International Franchise Association’s ICFE Board of Governors. Walls is also a member of the bar of the United States Supreme Court.
“Patrick has a deep understanding of our industry and more importantly our brand, making him an incredible asset to the Capriotti’s team,” says Ashley Morris, Capriotti’s CEO. “We are thrilled to have Patrick as part of our family and greatly appreciate what he has accomplished and look forward to seeing him take Capriotti’s to its full potential. Patrick will continue to be vital to the company’s growth and our goal to open 200 new locations in the next five years.”
“I am incredibly honored to become the President of Capriotti’s,” Walls says. “Capriotti’s has seen such incredible growth and I am privileged to be a part of the team and the expansion moving forward.”
Walls will start his new position immediately.
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