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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 ...

Luby’s and Fuddruckers restaurants in Dallas-Fort Worth are expected to close by August. A recent filing with the Securities and Exchange Commission says “liquidation is imminent.” If this sounds familiar, that’s because the board of directors for Luby’s Inc. approved a plan to liquidate both restaurants last year, but that decision did not yet guarantee a shuttering of all brands. A few weeks later, in late-September 2020, Texas brothers Chris and Harris Pappas filed paperwork with the SEC to evaluate whether they should purchase Luby’s Inc., and it was potentially a way for the ...

Share this article Share this article 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")...