Industry News | February 24, 2011
P.F. Chang's Chairman Joins Domino's Board of Directors
Domino's Pizza named Richard L. Federico to its Board of Directors, effective at today's company board meeting.
Federico, 56, is chairman and co-CEO of P.F. Chang's China Bistro Inc. He joined the company in 1996, and is responsible for the strategic growth and development of P.F. Chang's China Bistro, as well as the company's fast-casual concept, Pei Wei Asian Diner. P.F. Chang's China Bistro, founded in Scottsdale, Arizona, in 1993, operates 197 Bistros and 166 Pei Wei's, which generated revenues of $1.2 billion in 2010.
Federico began his career in the restaurant industry as a manager at Steak & Ale, and later at Orville Beans and Bennigan's restaurants. He went on to develop Grady's Goodtimes, serving as cofounder/partner and vice president of operations until Brinker International acquired Grady's in 1989. Upon joining Brinker International, he served as senior vice president and concept head for Macaroni Grill before being promoted to president of the Italian Concept division. As president, he directed operations and development for Macaroni Grill and Spageddies.
"We are extremely fortunate to have Rick joining us as a new member of our board," says David A. Brandon, Domino's Pizza chairman of the board. "His incredible depth of experience in the restaurant industry will be a tremendous resource to us as we move forward. He adds strength to our already talent-rich board."
"I'm thrilled to become part of such an iconic, global brand," Federico says. "Domino's Pizza has been a tremendous company to watch, especially with its 'pizza turnaround' campaign throughout 2010. I'm looking forward to lending my expertise to this great organization."
Active in his community, Federico is a founding director of Chances for Children, and a member of the board of directors for both the Arizona Youth Hockey Foundation and the NotMyKid organization. He also serves on the board of Banner Alzheimer's Institute.
Federico, a graduate of the University of Tennessee, makes his home in Scottsdale with his wife Peggy and their five children.
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