Jim Mazany Appointed as New CEO of P.F. Chang's to Propel Growth and Innovation

P.F. Chang's Welcomes Jim Mazany as CEO

P.F. Chang's has officially appointed Jim Mazany as the new Chief Executive Officer, effective immediately. This strategic decision comes as the company seeks to enter a new phase focused on growth, innovation, and global expansion.

A Leader with Proven Experience

Jim Mazany is recognized as a veteran leader in the restaurant sector, possessing a robust track record in scaling brands, enhancing operational performance, and enriching guest experiences. He has previously held prominent roles such as Chairman and CEO of Rosa Mexicano, Yardbird, and Shell Shack, where he not only spearheaded significant brand expansions but also improved operational efficiencies as the Operating Partner at TriSpan Capital, a private equity firm.

Mazany's past leadership also extends to his role as CEO of SPB Hospitality, overseeing several prominent dining establishments including J. Alexander's and Logan's Roadhouse, and guiding them towards substantial growth and profitability. His tenure at Joe's Crab Shack is especially noteworthy, wherein he led a turnaround strategy, achieving seven consecutive years of same-store sales growth across 140 locations.

Goals for P.F. Chang's

As he steps into the role at P.F. Chang's, Mazany is set to prioritize several ambitious goals aimed at driving consistent same-store sales growth. He intends to leverage compelling dining experiences and a solid value proposition to attract both loyal patrons and new customers. His vision incorporates not just the enhancement of the brand's rich atmosphere and high-quality food offerings but also an expansion of its fast-casual dining concept to better cater to evolving consumer preferences.

Furthermore, Mazany is dedicated to accelerating domestic and international restaurant developments, alongside expanding initiatives regarding consumer packaged goods (CPG). By refining these areas, P.F. Chang's aims to remain relevant in a competitive landscape while honoring its culinary heritage.

Acknowledging Past Leadership

In the wake of this leadership change, P.F. Chang's leadership expressed gratitude towards former CEO Brad Hill for his significant contributions to the company. Hill, who has worked with P.F. Chang's since 2017, has played a crucial role in strengthening the company’s financial standing and modernizing operations, thus laying a solid groundwork for Mazany to build upon.

John Paulson, President of Paulson Company, which owns P.F. Chang's along with TriArtisan Capital Advisors, acknowledged Hill’s dedication, emphasizing the talented team that remains poised for future successes.

About P.F. Chang's

Founded in 1993 by Philip Chiang and Paul Fleming, P.F. Chang's has grown into one of the most recognized Asian dining concepts globally, with over 300 restaurants across 22 countries. It reveres the rich 2,000-year-old tradition of wok cooking, delivering a menu that draws inspiration from various Asian cultures. Customers enjoy a diverse selection that includes everything from handcrafted cocktails to celebratory multi-course dinners, each reflecting P.F. Chang's commitment to top-notch culinary experiences.

With Jim Mazany at the helm, the future looks promising for P.F. Chang’s as it aims to redefine modern Asian dining and entertainment worldwide. Expect innovative dining concepts, immersive experiences, and a strong commitment to flavor from this iconic brand.