Dave & Buster’s Entertainment’s CFO Michael Quartieri has announced he will retire from the company effective April 30, 2024. He will continue to serve as chief financial officer until his successor is appointed and will provide advisory services to ensure a smooth transition prior to his retirement date. The company has retained a national recruitment firm to fill the position.

Quartieri led the company’s acquisition and merger of Main Event in 2022 and strengthened the company’s business model, CEO Chris Morris said in a statement.

“With his contribution, we have created a significant footprint, an exceptional business model with strong assets, and a talented team with a long-term strategy focused on driving organic growth, improving profitability, and producing strong cash flow,” Morris said. “On a personal note, it has been a pleasure to work with Michael as we transformed the company together. Michael has been a true partner in enabling strong financial performance and has built a high-quality finance organization that will serve this company well for many years to come.”

Quartieri has served as CFO for Dave & Buster’s since early 2922. Prior, he served as CFO for LiveOne and Scientific Games. He spent nine years with Las Vegas Sands Corp. and also worked at Deloitte, according to his LinkedIn account.

“It has been a pleasure to be a part of the team here at Dave & Buster’s,” Quartieri said in a statement. “The company has strong momentum and a tremendous amount of achievable upside which made it a very difficult decision to retire to spend more time with my family. I want to express my respect and appreciation for the passion and dedication of our talented team members at all our stores and throughout the company and want to thank them for all they do to care for our guests and deliver for our shareholders each and every day.”

Founded in 1982 and headquartered in Coppell, Texas, Dave & Buster’s includes 220 venues in North America.

Original Article:
[H/T] RestaurantBusinessOnline.com