El Pollo Loco Appoints Joe Taylor as Independent Director and Audit Committee Member

El Pollo Loco Holdings, Inc. (NASDAQ: LOCO) recently announced the election of Joe Taylor as a Class I independent director of the company, effective January 13, 2025. The decision was made by the Board of Directors based on the recommendation of the Nominating and Corporate Governance Committee. Mr. Taylor is set to serve for an initial term until the 2027 Annual Meeting, where he could potentially be nominated for re-election. His appointment comes following the broadening of the Board from seven directors to eight.

Formerly serving as the executive vice president and chief financial officer at Brinker International, Inc., Mr. Taylor brings a wealth of experience from the restaurant industry. At Brinker, which hosts well-known brands like Chili’s® Grill & Bar and Maggiano’s Little Italy®, he held various leadership roles encompassing finance, investor relations, and corporate affairs. Prior to his tenure at Brinker, he spent close to two decades in the banking sector.

Moreover, Mr. Taylor’s engagement in the restaurant industry extends beyond his professional roles. He has significantly contributed to various trade associations and currently holds esteemed positions such as director emeritus of the National Restaurant Association and trustee emeritus of the National Restaurant Association Educational Foundation.

In his new role at El Pollo Loco, Mr. Taylor will receive compensation on par with other non-employee directors of the company. His appointment to the Audit Committee was also confirmed following the recommendation of the Nominating and Corporate Governance Committee.

Additionally, on January 13, 2025, the company issued a press release titled “El Pollo Loco Appoints Joe Taylor to the Board of Directors.” This release details Mr. Taylor’s background and the expectations tied to his appointment to the Board.

El Pollo Loco, a leading fire-grilled chicken restaurant chain, continues to make strategic moves to bolster its leadership team. With Mr. Taylor’s expertise and industry knowledge, the company aims to enhance its operations, strategic growth, and overall positioning in the market. Investors and industry analysts will likely keep a close watch on how this directorial addition impacts El Pollo Loco’s future trajectory.

The press release issued by the company is furnished as Exhibit 99.1 for further reference.

This press release includes forward-looking statements that are subject to inherent risks and uncertainties. Any statements made beyond historical facts come with assumptions and potential factors that could alter actual results. The company advises evaluating these forward-looking statements in conjunction with the risk factors outlined in their Securities and Exchange Commission filings.

For further details, the press release dated January 13, 2025, can be accessed under Exhibit 99.1 of the 8-K filing.

Investor contacts are directed to Jeff Priester at ICR via email at [email protected], and media inquiries are encouraged to reach out to Brittney Shaffer at [email protected].

Please note that forward-looking statements reflect conditions as of the press release date, and updates are subject to legal requirements, not assumptions of additional updates.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read El Pollo Loco’s 8K filing here.

El Pollo Loco Company Profile

El Pollo Loco Holdings, Inc, through its subsidiary, El Pollo Loco, Inc, develops, franchises, licenses, and operates quick-service restaurants under the El Pollo Loco name. It operates and franchises restaurants located in California, Nevada, Arizona, Texas, Colorado, Utah, and Louisiana. It also licenses its brand to restaurants in the Philippines.