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A Chicago entrepreneur bought Luby's. What happens next for the Houston brand?

A Chicago entrepreneur bought Luby's. What happens next for the Houston brand?
expressnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from expressnews.com Daily Mail and Mail on Sunday newspapers.

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LUB Stock Price, Luby's Stock Quotes and News

LUB Stock Price, Luby's Stock Quotes and News
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Chris Pappas Steps Down as Luby's CEO

The company named John Garilli to the interim role.
Flickr/Phillip Pessar
Luby’s, founded in San Antonio in 1947 by Bob Luby, has been led by Pappas since 2001.
Chris Pappas has stepped down as president and CEO of Luby’s as part of the company’s “plan of monetizing its assets for the benefit of shareholders,” the brand announced. Pappas remains a member of Luby’s board and its largest shareholder.
John Garilli, a member of Winthrop Capital Advisors LLC, was appointed interim president and CEO, a role that took effect January 27. Garilli is currently Winthrop Capital’s COO, and has served as CEO, CFO, treasurer, and secretary of New York REIT Liquidating LLC since November 2018. He also held the CEO title at its predecessor, New York REIT, a NYSE-listed real estate investment trust. ....

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John Garilli, Winthrop Capital Executive, Assumes Role of Interim President and Chief Executive Officer at Luby's, Inc. While Monetization Plans Continue

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HOUSTON, Feb. 1, 2021 /PRNewswire/ Luby s, Inc. ( Luby s or the Company ) (NYSE: LUB), announced that John Garilli has been appointed Luby s Interim President and Chief Executive Officer effective January 27, 2021, as Christopher Pappas stepped down as President and Chief Executive Officer as part of the Company s plan of monetizing its assets for the benefit of shareholders. Mr. Pappas remains a member of the Board of Directors of Luby s, Inc and its largest shareholder.
Mr. Garilli, age 56, has been a member of Winthrop Capital Advisors LLC ( WCA ) and its affiliates since 1995 serving in various capacities, currently as President and Chief Operating Officer. Mr. Garilli has served as Chief Executive Officer, President, Chief Financial Officer, Treasurer, and Secretary of New York REIT Liquidating LLC ( NYRTLLC ) since November 2018 and served as the Chief Executive Officer of its predecessor, New York REIT, Inc. ( NYRT ), a ....

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