VAUGHAN, Ont. — Effective December 31, Bill Gregson will be retiring from his role as executive chairman of Recipe Unlimited’s board of directors.
“We thank Bill for all his tremendous work and leadership over the years. From the outset of Fairfax’s involvement in Recipe Unlimited, Bill led the complex restructuring, the subsequent initial public offering and all the ensuing acquisitions. Bill’s legacy will be the establishment of a highly profitable, leading national restaurant group,” says Paul Rivett, president, Fairfax Financial Holdings Limited, Recipe Unlimited’s largest shareholder.
Effective Jan. 1, 2020, Rivett will assume the role as chairman of the board of Recipe Unlimited.
“Thanks to the hard work of all our amazing teammates and franchisees, we’ve built a business that today generates $3.5 billion in system sales and more than $200 million in EBITDA,” says Gregson. “Today, the company has a strong balance sheet and a solid business-process foundation. Now, with the CEO transition to Frank Hennessey complete, the company is planning its next evolution to prosper in an ever-changing world. As I begin to spend more time on outside interests, it’s the appropriate time for me to step down. I would like to thank our shareholders, our board, our franchisees, our suppliers and, of course, our associates for this exciting six-year partnership.”