Mark Parkey will become president and CEO of multiconcept operator J. Alexander’s Holdings Inc., effective May 1, 2019. He will succeed Lonnie J. Stout II, who will assume the newly created position of executive chairman of the company’s board of directors.

Stout has been a director, president and CEO since the company’s formation. He has been a part of the company’s management team or its predecessors’ management for parts of five decades. He and Chief Operating Officer Mike Moore co-founded J. Alexander’s Restaurants in 1991.

Parkey has served as executive vice president, chief financial officer and treasurer of the J. Alexander’s Holdings since its formation. He has held the same positions at J. Alexander’s Holdings LLC and J. Alexander’s LLC since 2013. Prior to becoming the CFO, Parkey served as vice president and in other offices of JAC from 1993 to 2012.

As part of this transition, Jessica Hagler will become company vice president and CFO, also effective May 1, 2019. Hagler has served as vice president, controller and chief accounting officer for J. Alexander’s Holdings since October 2015, and as the secretary of the company since February 2018.

Headquartered in Nashville, Tenn., J. Alexander’s Holdings operates 46 restaurants in 16 states. The company’s concepts include J. Alexander’s, Redlands Grill, Stoney River Steakhouse and Grill.