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Fresh Choice, Inc., will file a voluntary petition to reorganize under Chapter 11 of the U.S. Bankruptcy Code today.
According to a statement, Fresh Choice has elevated Tim O'Shea to the new position of president and COO and promoted David E. Pertl to executive vice president and CFO. Mr. O'Shea was formerly Fresh Choice's EVP and COO, and Mr. Pertl was senior vice president and CFO. Jeff Jefferson will continue in the role of CEO, focusing his attention on the reorganization.
Fresh Choice will continue to operate its 46 restaurants, 43 of which are under the Fresh Choice and Zoopa brand names.