Restaurant industry veteran Lane Cardwell will become the president of P.F. Chang's China Bistro, Inc. (NASDAQ: PFCB), effective March 1, 2011. Cardwell, who most recently served in a similar capacity for Boston Market, currently serves on P.F. Chang's Board of Directors and had previously served as a board member from 1999 to 2009.
In his new role, Cardwell will primarily focus on P.F. Chang's long-term business strategy, said Rick Federico, the company's chairman and CEO. Rick Tasman, chief operating officer, will continue to focus on the execution of the restaurant chain's day-to-day operations. "This new organizational structure leverages their respective strengths and will help us continue to move our brand forward," Frederico added.
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