Good Times Restaurants Inc. (NASDAQ: GTIM) yesterday announced the resignation of Jim Zielke as Chief Financial Officer and the hiring of Ryan Zink as its new Chief Financial Officer. Mr. Zielke’s resignation as Chief Financial Officer will take effect on July 31, 2017; however, Mr. Zielke will continue as an employee of the Company through August 31, 2017 to facilitate his successor’s transition into the role.
Mr. Zielke submitted his formal resignation as a result of an ownership opportunity in a privately held restaurant company. The Company has had prior discussions with Mr. Zink, who worked extensively with Mr. Zielke while at F&H Acquisition Corp, and they will have approximately one month of working together for a transition prior to Mr. Zielke’s departure.
Prior to his appointment as Chief Financial Officer, Mr. Zink, 38, was the Corporate Finance Director and Reporting Leader, and previously Operations Controller for INVISTA, a wholly-owned subsidiary of Koch Industries, Inc., positions he has held since March 2014. From January 2000 to March 2014, he served in various capacities with F&H Acquisition Corp., parent of the Fox and Hound, and Champps restaurant brands, including Senior Vice President of Finance, and Chief Operating Officer for its Champps concept. Prior to his service with F&H, Mr. Zink worked for KPMG, LLP.
“We appreciate all of the hard work and contributions that Jim has made on behalf of the Company over the last two plus years and we wish him well in his new venture. Ryan came highly recommended, not only by Jim but by others that have worked with him inside and outside the restaurant industry for his intellect, work ethic, financial sophistication and experience. He brings the same great combination of internal financial skills and ability to communicate with the financial community as Jim, but also more experience in other roles managing a restaurant company in the public markets,” said Boyd Hoback, President & CEO. “He has extensive experience in the IT, marketing and operating arenas with considerable depth in financial planning, analysis and forecasting. We expect that Ryan will be able to continue to improve on our strong foundation of systems to support our significant expansion plans and help to improve our operating margins by working closely with our operations teams for both brands.”