David Aisenstat to Retire as Vice-Chair of the Board of Recipe Unlimited


VAUGHAN, Ont. — Effective Dec. 31, 2021, David Aisenstat will be retiring as vice-chair of the Board of Directors of Recipe Unlimited Corporation. Aisenstat will also be stepping down as CEO of The Keg and will transition to chair of The Keg’s board in June 2022.

“David is a legend in the restaurant industry,” says Frank Hennessey, CEO of Recipe Unlimited Corporation. “After 25 years at the helm of The Keg, he has definitely earned the right to pass the baton to Nick Dean, president of The Keg. Fortunately, David will stay on as Chair of The Keg and we will always be able to seek out his counsel. I want to thank him for everything he has done for The Keg and for the restaurant industry.”

“On behalf of Recipe’s Board of Directors and Recipe’s largest shareholder, Fairfax Financial, we thank David for his leadership and partnership and, most importantly, we’re thankful that David trusted us to join the Recipe family of restaurants over seven years ago,” says Paul Rivett, Recipe Unlimited Corporation’s Chair of the Board of Directors. “David has done a phenomenal job running The Keg and turning it into Canada’s most recognizable restaurant brand. We look forward to his wisdom and friendship for many years to come as Chair of The Keg.”

“It was an honour and a pleasure to serve as Vice-Chair of Recipe since the merger of Cara and The Keg in 2018,” says Aisenstat. “Recipe certainly has a storied and successful past ever since it began in 1883 as Canada Railway News Company. I believe the future for Recipe will be every bit as exciting and successful with several of the most prominent Canadian restaurant brands in Recipe’s large portfolio. Happily, my continuing role at The Keg will allow me to remain within the fine Recipe family going forward.”

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