Ruby Tuesday, a restaurant chain, has announced that Marguerite Duffy, chief financial officer (CFO), will retire from her position effective 5 June 2012. A long-time member of Ruby Tuesday’s executive team, Duffy was named CFO in 2001 after having directed each of the finance areas of the company, including corporate accounting, investor relations, financial and strategic planning, and operations finance, since joining the company in 1990.
During Duffy’s tenure, the company spun off two of its businesses into two new public companies, began franchising its brands, issued equity in a public offering that enabled the company to strengthen its balance sheet, closed numerous debt financings, bought and sold several businesses and, most recently, implemented a sale leaseback programme to raise proceeds that will provide the company with additional flexibility.
Duffy has been instrumental in overseeing the company’s accounting functions, including the establishment and oversight of internal controls over financial reporting. She has also helped build a strong accounting and financial platform that has positioned us for our next phase of growth.
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