“Russell is a true professional who nurtured the Pei Wei business from an embryonic concept with 2 restaurants to a strong business with 159 locations across the country and that’s an amazing accomplishment,” says Rick Federico, chairman and CEO of P.F. Chang's China Bistro, Inc.
A search for Owens’ replacement will begin immediately. The Elliot Group is representing the company in identifying a strong leader with the strategic skills to build the business and to bring Pei Wei to the next level of growth and profitability.
“The new leader will be inheriting a business with solid underlying fundamentals,” Federico says. “It’s a fantastic opportunity to take a strong concept with great-tasting, high-quality food that is well-positioned in today’s economy.”