CraftWorks Restaurants & Breweries Group, Inc. Announces Fred Beilstein as Interim CEO

BROOMFIELD, Colo. - (BUSINESS WIRE) - May 16, 2018 - Today, CraftWorks Restaurants & Breweries Group, Inc. announced that it has accepted the resignation of Srinivas Kumar who became CEO of the company in 2014. Fred Beilstein III will serve as interim CEO as he continues Mr. Kumar’s work to grow all the CraftWorks brands. Old Chicago opened eight new locations in 2016 growing their presence in Texas, North Carolina, Missouri, and Colorado. 2017 added an additional eight restaurants including locations in Colorado, South Carolina, Kansas, Arkansas, Tennessee, and Wyoming. The company anticipates opening 10 additional franchise restaurants in 2018. CraftWorks opened two new Rock Bottom Brewery locations this year including Highlands Ranch, Colorado and Daytona, Florida. Gordon Biersch licensed operations will also see additional growth in 2018. Additional growth initiatives include the expansion of delivery with Grub Hub recently and new menu launches this month. “I am very optimistic with the increased traffic and sales we are seeing this Spring, especially with our loyalty guests,” said Mr. Beilstein. “Despite what have been difficult times for many in casual dining, the CraftWorks family of brands represent enduring concepts that have resonated with our guests over many decades. I do not see that changing as we provide guests with great craft beer and craveable food.”

About CraftWorks

CraftWorks Restaurants & Breweries, Inc. is the largest craft brewery restaurant operator in the country with nearly 200 franchised and company-owned restaurants primarily operating under the Old Chicago Pizza & Taproom, Gordon Biersch Brewery Restaurants and Rock Bottom Restaurants & Breweries brands. As a leader in the craft beer focused casual dining segment, CraftWorks also operates strong regional brands and employs more than 9,000 people throughout the U.S. All of CraftWorks restaurant brands have innovative menus with made-from-scratch food and a vast selection of unique craft beer providing unbeatable service. Its loyalty programs have over a half million active members. Based in Broomfield, Colo., CraftWorks is not only committed to serving its loyal guests, but also the communities in which its restaurants operate. The CraftWorks Foundation has contributed millions of dollars, positively impacting communities throughout the country. For additional information about CraftWorks, the Foundation, and its restaurant brands, please visit www.craftworksrestaurants.com.

Contact:

Jaime Vasquez
CraftWorks Restaurants & Breweries Group, Inc.
720-378-1733 Cell
Vice President of Marketing & Group Sales
jvasquez@cwrestaurants.com

SOURCE CraftWorks

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