Imvescor Announces Board Changes


MONCTON, N.B. — Arnaud Ajdler and David Head have been appointed to the Imvescor Restaurant Group Board of Directors while François Gauvin and Joe Marsilii have resigned.

“We recently engaged in a dialogue with Engine and other major shareholders, and the result of these discussions was a collaborative effort that culminated in the appointment of two new directors that bring significant experience and knowledge to the Board, adding to our expertise and ability to support our management team,” said Robb Chase, chairman of the Board.

“The Board wishes to take this opportunity to heartily thank Mr. Gauvin and Mr. Marsilii for their important contributions during their tenure with Imvescor.”

Arnaud Ajdler is the managing partner of Engine Capital L.P., a value-oriented special situations fund, while David Head is the president and CEO of Primanti Bros, a private equity-owned restaurant chain.

The Board is still looking to appoint three additional independent directors.

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