Einstein Noah Restaurant Group Names Emanuel "Manny" Hilario as New CFO

LAKEWOOD, Colo. (BUSINESS WIRE) -- Einstein Noah Restaurant Group (NASDAQ: BAGL), a leader in the quick-casual segment of the restaurant industry operating under the Einstein Bros.(R) Bagels, Noah's New York Bagels(R), and Manhattan Bagel(R) brands, today named Emanuel "Manny" Hilario as the Company's new Chief Financial Officer, effective immediately.

Most recently, Mr. Hilario served as the Founder and Managing Director of Koios Path, LLC, a management advisory and consulting services company. In that capacity, he assisted several regional restaurant companies in strengthening their balance sheets by helping owners and management enhance brand positioning, improve operations, restructure debt, and in some cases, raise new capital.

From 2004 to 2009, Mr. Hilario served as Chief Financial Officer of McCormick & Schmick's Seafood Restaurants, Inc. (NASDAQ: MSSR), a leading seafood restaurant operator in the affordable upscale dining segment. During his tenure, he built the accounting, finance, and legal infrastructure required for the Company to complete a successful transition to the public markets. He led the Company's initial public offering (IPO) in 2004 and two follow-on public offerings in 2005 and 2006, respectively, and developed and executed the Company's investor relations strategy. He also initiated key growth and profitability initiatives for the Company, including secret shoppers, e-marketing, internet reservations, e-commerce, and the implementation of balanced scorecards as the foundation for bonus compensation. Finally, Mr. Hilario managed the Company's relationship with its commercial bankers, which included the renegotiation of its credit facility to provide for greater flexibility.

From 2000 to 2004, Mr. Hilario served as Vice President and Chief Financial Officer of Angelo and Maxie's, Inc., which was formerly known as Chart House Enterprises, Inc. and publically traded on the NYSE under the ticker "CHT" through early 2002. From 1997 to 2000, Mr. Hilario was Group Director of Finance and Cost Management for ACCO Brands, Inc., a $1.4 billion wholly owned subsidiary and the office products division of Fortune Brands, Inc. (NYSE: FO). Mr. Hilario began his career at McDonald's Corporation (NYSE: MCD) where he held various positions with increasing responsibility from 1984-1997. Mr. Hilario holds a BS Degree in Commerce from Santa Clara University.

Jeff O'Neill, Chief Executive Officer and President of Einstein Noah, stated, "We are delighted to have Manny join the Einstein Noah team as our new CFO. Manny is a respected leader within the restaurant industry and a seasoned financial professional with proven expertise in all areas of financial risk management, corporate governance, and public company management. He is highly regarded for his ability to develop and execute relevant strategies around revenue growth, profitability, and in enhancing shareholder value. We look forward to his experience and contributions to the Leadership team as we continue building on our strong foundation of long-term growth opportunities."

About Einstein Noah Restaurant Group

Einstein Noah Restaurant Group is a leading company in the quick casual restaurant industry that operates locations primarily under the Einstein Bros.(R) Bagels and Noah's New York Bagels(R) brands and primarily franchises locations under the Manhattan Bagel(R) brand. The company's retail system consists of more than 690 restaurants, including more than 175 license locations, in 38 states plus the District of Columbia. It also operates a dough production facility. The company's stock is traded under the symbol BAGL.

SOURCE: Einstein Noah Restaurant Group



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