Bubba Gump Shrimp Co. Franchise Announces New CEO

SAN CLEMENTE, Calif. --(BUSINESS WIRE)-- Bubba Gump Shrimp Co. Restaurant and Market, Inc. today announced Tim Busald has been appointed president and chief executive officer.

"Our team has built a company culture which consistently delivers an exceptional dining experience for our guests," said Busald. "We have great employees, highly committed operators and a superior executive staff. I am excited to lead this team as we continue to build the Bubba Gump brand worldwide."

Also announced was the appointment of Gail Taggart to the post of executive vice president and chief strategic officer. Taggart most recently served as vice president of operations and development.

"Tim is precisely the right person for this role," said Chairman of the Board Gordon Miles. "We are thrilled that he accepted the position and are confident Tim and Gail will be very successful. The board approved their appointments unanimously."

As one of the founders of Bubba Gump Shrimp Co. Restaurant and Market, Inc., Busald has led operations for the company since its inception in 1996. His reputation for innovation and commitment to quality directly influenced the company's impressive record of same store sales growth and continuing service excellence.

Taggart, also one of the company's founders, has been instrumental in the company's expansion into international markets. Her success in coordination of new store openings and forward thinking approach to brand management has her well suited for this new role.

"This brand enjoys worldwide recognition and is well established as a leader in every market we have entered", said Taggart. "We see tremendous opportunity for domestic and international growth in the coming months."

About Bubba Gump Shrimp Co. Restaurant and Market, Inc.

A casual seafood dining concept in iconic locations, Bubba Gump Shrimp Co. operates twenty-two restaurants in the United States and one in Hong Kong. The company also has franchise operations in eleven international locations including Mexico, Japan, Indonesia, Malaysia and the Philippines with new international markets under evaluation.

Known for their shrimp offerings of the highest quality, the concept offers a variety of fresh fish, refreshing salads, children's meals, creative desserts and award winning ribs. Each location offers engaging service for lunch, dinner and private events. Visit www.bubbagump.com to learn more. Other Bubba Gump brands include Mai Tai Bar, The Newport Beach Rusty Pelican and Capi's Italian Kitchen.

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