Hudson Riehle to Retire After 38 Years at the National Restaurant Association
After an impressive career spanning over 38 years with the National Restaurant Association, Hudson Riehle, the esteemed senior vice president of the Research and Knowledge Group, is set to retire this coming April. This decision was confirmed by the Association today, marking a significant moment in the organization’s history.
Transforming Industry Insights
During his tenure, Riehle has been a pivotal figure in delivering valuable data and insights that have shaped the restaurant and foodservice sector. His work has included analyzing trends in sales and employment growth, as well as assessing the economic impacts of significant events like the 2020 pandemic and the financial crisis of 2008-2009. His analytical prowess has enabled stakeholders to better comprehend the economic landscape, influencing decision-making at all levels.
Recognition and Impact
"Hudson's unmatched expertise in economic analysis has been crucial in steering our industry through various challenges and identifying pathways for innovation and growth," stated Michelle Korsmo, President & CEO of the National Restaurant Association. She added that everyone who has worked with Riehle appreciates his wisdom and leadership.
A Legacy of Knowledge and Leadership
Under Riehle's direction, the Research and Knowledge Group has evolved into a leading authority on industry dynamics. Below are a few highlights of his leadership:
- Enhanced the annual Restaurant Industry Report, known for providing the most accurate restaurant sales projections.
- Emphasized the importance of survey research to track emerging economic, consumer, and operational trends.
- Developed the Restaurant Operations Data Abstract, allowing restaurateurs to benchmark their operations against peers.
- Elevated the Association's role as a trusted source of information regarding restaurant economic activity at various levels.
Riehle has not only contributed to internal knowledge but has also been a prominent speaker worldwide, contributing insights across various prominent platforms like the New York Times, Wall Street Journal, CNBC, and many more.
A Gracious Farewell
Riehle was also appointed to significant positions such as a member of the Bureau of Labor Statistics' Business Research Advisory Council, demonstrating his influence beyond the restaurant sector. Reflecting on his lengthy career, he expressed gratitude for the talented individuals he worked alongside, stating, "I have complete confidence that the Association's research capabilities will continue to grow and meet the needs of the industry for success and expansion."
Succeeding Leadership
Chad Moutray, Ph.D., is set to take over Riehle’s position, assuming the role of senior vice president and chief economist of the Research and Knowledge Group.
About the National Restaurant Association
The National Restaurant Association, established in 1919, serves as the foremost business entity for the restaurant industry, representing over 1 million foodservice outlets and employing 15.5 million individuals. Together with various state associations, it offers advocacy, education, and safety programs to support restaurant operations. Notably, it oversees the National Restaurant Association Show, the sector's largest trade fair, along with other initiatives focused on food safety and workforce development.
Frequently Asked Questions
Who is Hudson Riehle?
Hudson Riehle is the senior vice president of the Research and Knowledge Group at the National Restaurant Association and has served for over 38 years.
What has Hudson Riehle achieved during his career?
Riehle has transformed the understanding of economic impacts in the restaurant industry and has played a crucial role in various reports, including the Restaurant Industry Report.
Who will succeed Hudson Riehle?
Chad Moutray, Ph.D., will be succeeding Hudson Riehle as senior vice president and chief economist for the Association.
What is the National Restaurant Association?
Founded in 1919, the National Restaurant Association is the primary business association for the restaurant industry in the U.S.
Why is Hudson Riehle's retirement significant?
His retirement marks the end of a transformative era in the restaurant industry, as Riehle has been instrumental in guiding operators through economic complexities.
