First Watch Enhances Board with New Appointments
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First Watch Restaurant Group Welcomes New Board Members
First Watch Restaurant Group, Inc. (NASDAQ: FWRG), recognized as a leader in the Daytime Dining sector serving breakfast, brunch, and lunch, has announced the appointment of Charles Jemley and Michael Fleisher to its Board of Directors. Charles Jemley has begun his role immediately and will also serve as Chair of the Audit Committee. Michael Fleisher will join the board effective on a specified date soon.
Expertise of New Board Members
Charles Jemley brings a wealth of experience from his tenure as Chief Financial Officer of Dutch Bros Coffee, where he remains a strategic advisor to the CEO. He has also held significant leadership roles at Yum! Brands and Starbucks. Currently, Jemley serves on the board of Four Corners Property Trust, Inc. (NYSE: FCPT), where he chairs the Audit and Risk Committee and participates in the Compensation Committee.
Michael Fleisher has over nine years of experience as the Chief Financial Officer of Wayfair, Inc. His previous positions include Vice Chairman for Strategy and Operations at Warner Music Group and Chief Executive Officer of Gartner, Inc. He is currently active on the board of Squarespace, Inc. (NYSE: SQSP), where he chairs the Audit Committee.
Impact of the Appointments
The addition of Charles Jemley and Michael Fleisher to the Board signifies First Watch's commitment to enhancing its governance and financial management as it aims to expand its brand. Ralph Alvarez, the Chairman of the Board, expressed his enthusiasm about their appointments, highlighting the importance of experienced leaders in driving the company’s future growth.
Board Composition
Jemley and Fleisher join an impressive group of board members that includes Ralph Alvarez, Irene Chang Britt, Tricia Glynn, William Kussel, Stephanie Lilak, Dave Paresky, Jostein Solheim, and Chris Tomasso. Collectively, this board is poised to guide First Watch through its ongoing growth trajectory and maintain its status as a top-tier dining establishment.
About First Watch Restaurant Group
First Watch is celebrated for its unique Daytime Dining experience, focusing on made-to-order breakfast, brunch, and lunch. Their commitment to fresh ingredients has earned the brand numerous accolades, with a menu that offers innovative takes on classic dishes. Notably, First Watch is known for its Quinoa Power Bowl, Avocado Toast, Morning Meditation juice, and the signature Million Dollar Bacon. Recognized as the top restaurant brand on Yelp’s list of the most-loved brands in the U.S., First Watch also received the Top 100 Most Loved Workplace distinction from Newsweek.
Recent Achievements
In addition to recent restaurant openings, First Watch has been awarded by Nation's Restaurant News for menu innovation, showcasing items like the seasonal Braised Short Rib Omelet. With a growing footprint exceeding 535 locations across several states, First Watch Restaurant Group is setting new standards in daytime dining.
Contact Information
For further inquiries regarding investor relations, please contact:
Steve L. Marotta
941-500-1918
investors@firstwatch.com
For media inquiries, please reach out to:
Jenni Glester
407-864-5823
jglester@firstwatch.com
Frequently Asked Questions
What is the role of Charles Jemley in First Watch?
Charles Jemley has been appointed to the Board of Directors and will serve as Chair of the Audit Committee.
Who is Michael Fleisher?
Michael Fleisher is an experienced CFO who has previously worked at Wayfair and Warner Music Group and has recently joined the Board of Directors at First Watch.
What does First Watch specialize in?
First Watch specializes in made-to-order breakfast, brunch, and lunch using fresh ingredients.
How many locations does First Watch currently operate?
First Watch operates over 535 restaurants across various states.
What recognition has First Watch received recently?
First Watch has received accolades for being the top restaurant brand on Yelp and for its workplace culture in Newsweek.
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