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This profile was last updated on 9/15/14  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Anthony D. Wedo

Wrong Anthony D. Wedo?

President, Chief Executive Office...

Local Address: Philadelphia, Pennsylvania, United States
Ovation Brands
405 Lancaster Ave.
Greer, South Carolina 29650
United States

Company Description: We are committed to giving our guest everything from quality food to exceptional service, and all at a great price. In fact, our founders -- Roe Hatlen and C....   more
Background

Employment History

Board Memberships and Affiliations

Education

  • MBA
    Cornell University
  • B.S.
    Penn State University
169 Total References
Web References
"Throughout Patrick's career, ...
www.restaurantnews.com, 15 Sept 2014 [cached]
"Throughout Patrick's career, he has built a reputation for delivering innovative IT solutions," said Anthony Wedo, CEO for Ovation Brands.
Anthony D. WedoChief ...
www.sec.gov, 24 Sept 2001 [cached]
Anthony D. WedoChief Executive Officer and Director
...
Anthony D. Wedo.Mr. Wedo joined NEW WORLD COFFEE MANHATTAN BAGEL INC as Chief Executive Officer in July , 2001 and was elected a Director in August 2001.Since 1998 , Mr. Wedo has served as chief.
executive
officer
and
...
a Boston Market franchisee , and from 1988 through 1993 , Mr. Wedo was employed by Pepsico Inc.'s KFC division , most recently as vice president.Mr. Wedo has a B.S. degree in Marketing and Finance from Pennsylvania State University.
...
Anthony D. Wedo
Leadership Delaware - Speakers
www.leadershipdelaware.org, 11 July 2014 [cached]
Anthony Wedo Leadership Delaware - Speakers
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Anthony Wedo - 2012, 2013, 2014 CEO, Ovation Brands; Former Managing Director & CEO, Mainline Capital Advisory, LLF
...
Anthony Wedo is a highly successful leader and executive in the restaurant industry. With more than 25 years of hospitality experience, his unique background has contributed to his demonstrated success as a Fortune 50 senior executive, a high growth entrepreneur and a turnaround CEO determined to reinvent the brands he leads.
Wedo was appointed Chief Executive Officer of Ovation Brands (formerly Buffets, Inc.), the nation's largest steak-buffet company, in December 2012. Wedo's unique blend of experience and skills helped him lead the company out of bankruptcy and into the best year-over-year same store comparable sales in eight years during fiscal year 2013. Ovation Brands currently operates 339 restaurants in 35 states and is comprised of 330 steak-buffet restaurants under the brands Ryan's Buffet, HomeTown Buffet and Old Country Buffet and nine Tahoe Joe's Famous Steakhouse restaurants. Wedo attributes a large part of the success of the brands to the focus on families, including Thursday Family Nights and a continued commitment to military families through a partnership with the Armed Services YMCA.
Wedo began his career in hospitality at PepsiCo, as part of a new breed of young, entrepreneurial restaurant operators brought on to help the corporate giant create a culture of nimbleness. As one of the first participants in PepsiCo's Senior Operations Designate program, Wedo was put on the fast track and quickly grew to Vice President and General Manager of the Southeast Division of KFC, overseeing more than 1,200 restaurants, 7,000 employees and $1 billion in revenue.
Following his success at PepsiCo, Wedo founded Mid-Atlantic Restaurant Systems, the largest Area Developer and franchisee of Boston Market. As Chairman, President and CEO, he grew the company over a four-year period to 160 restaurants, generating more than $250 million in annualized sales. During his tenure with Mid-Atlantic Restaurant Systems, he was named Entrepreneur of the Year, Area Developer of the Year and chosen as a top 50 Employer in Pennsylvania. Following the acquisition of Mid-Atlantic Restaurant Systems by Boston Market, Wedo held the position of Chairman, President and CEO of New World Restaurant Group. New World, a publicly traded company with approximately 1,000 units and $750 million in system revenues, operated six unique brands, including Einstein Bros., Noah's & Manhattan Bagel.
Before joining Ovation Brands, Wedo served as CEO of Mainline Capital Advisors, LLC, which provided M&A, turnaround management, advisory and executive management consulting services to debt investors and private equity sponsors in the restaurant industry. He developed Leadership - The 12 Commandments, a guide for and about leadership, and is a highly sought after speaker on the subject of leadership.
Wedo appeared on CBS' hit television show, Undercover Boss, in October 2013 as the CEO of Buffets, Inc.
Wedo holds an MBA from Cornell University and the Queen's University of Kingston, Ontario, Canada. He has a B.S. from Penn State University. He is also a retired Commissioned Officer in the United States Naval Reserve.
Tags: Anthony Wedo, buffet, ...
www.restaurantmagazine.com, 22 Feb 2013 [cached]
Tags: Anthony Wedo, buffet, buffet restaurant, Buffets, Buffets Inc, Country Buffet, Fire Mountain Grill, Granny's Buffet, HomeTown Buffet, Inc. CEO, Old Country Buffet, restaurant, restaurant news, Ryan's
Buffets, Inc. Selects Restaurant Industry Pro Anthony Wedo as Chief Executive Officer
Buffets, Inc., the nation's largest owner and operator of buffet-style family restaurants, today announced the appointment of seasoned restaurant executive, entrepreneur and turnaround specialist Anthony Wedo to the position of Chief Executive Officer. With more than twenty-five years of restaurant industry experience, including a key leadership position with a Fortune 50 brand, Wedo has developed and led the turnaround of major restaurant chains throughout the U.S. His brand experience includes PepsiCo Restaurants, KFC, Boston Market, Noah's and Manhattan Bagels, and Einstein Bros. Bagels and most recently as CEO of a firm specializing in consulting private equity and professional debt investors in the restaurant industry.
"Tony has demonstrated consistent success in a variety of settings ranging from growth concepts to brand turnarounds.
...
"I believe I'm joining Buffets and this team at the perfect moment," Wedo said. "The balance sheet is fixed and the company generates significant cash flow which will enable us to focus on growing the brand and transforming it into something better than it has ever been. We will be fast tracking the 'Plan to Win' initiatives that members of this team and the Board of Directors have worked so hard to develop, and we are going to execute it successfully."
Wedo began his career as an entrepreneur prior to joining PepsiCo as part of a new breed of young, entrepreneurial restaurant operators to help the corporate giant create a culture of nimbleness. As one of the first participants in PepsiCo's Senior Operations Designate program, Wedo was fast tracked and quickly grew to Vice President and General Manager of the Southeast Division of KFC, overseeing more than 1,200 restaurants, 7,000 employees and $1 billion in revenue.
Following his success at PepsiCo, Wedo founded Mid-Atlantic Restaurant Systems, the largest Area Developer and franchisee of Boston Market. As Chairman, President and CEO, he grew the company over a four-year period to 160 restaurants, generating in excess of $250 million in annualized sales. He was named Entrepreneur of the Year and chosen a top 50 Employer in Pennsylvania.
Following the acquisition of Mid-Atlantic Restaurant Systems by Boston Market, Wedo held the position of Chairman, President and CEO of New World Restaurant Group. New World, with approximately 1,000 units and $750 million in system revenues, operated six unique brands, including Einstein Bros., Noah's and Manhattan Bagel.
Most recently, Wedo has served as CEO of Mainline Capital Advisors, LLC, which provided M&A, turnaround management, advisory and executive management consulting services to debt investors and private equity sponsors in the restaurant industry.
"Tony is clearly the right person to take the leadership of Buffets, accelerate the transformation of our family buffet restaurants and position our company for a new era of profitable growth and success," Webster added.


www.sec.gov, 14 May 2003
[cached]

        On March 31, 2003, Jerold E. Novack, our former Chief Financial Officer, Secretary, and shareholder, filed a complaint in the United States District Court for the District of New Jersey against us, Anthony D. Wedo, our Chairman and Chief Executive Officer, and William J. Nimmo, a member of our Board of Directors.

...

        Anthony D. Wedo.    Mr. Wedo joined us as Chief Executive Officer in July 2001 and was appointed a director in August 2001.Mr. Wedo was appointed Chairman in April 2002.From 1998 to July 2001, Mr. Wedo served as the Chief Executive Officer and Managing Partner of Atlantic Restaurant Group, a venture group focused on acquiring high-growth restaurant concepts.From 1994 through 1997, he served as President and Chief Executive Officer of Mid-Atlantic Restaurant Systems, a Boston Market franchisee.From 1987 through 1993, Mr. Wedo was employed by Pepsico Inc.'s KFC division, most recently as a Divisional Vice President in charge of a 1,200 store territory.Mr. Wedo has a B.S. degree in Marketing and Finance from Pennsylvania State University.

...
Anthony D. Wedo and Leonard Tannenbaum are Class III directors.
...
$)

  Other Annual
Compensation
($)

  Restricted
Stock Awards
($)

  Securities
Underlying
Options/SARs (#)

  Anthony D. Wedo(1)
    Chairman and Chief
    Executive Officer
  2002
2001
  $
$
...

(1)
We hired Mr. Wedo in July 2001.

(2)
Represents a car allowance for the respective individuals.

(3)
We were obligated to issue 3,077,035 options to Mr. Wedo under his original employment agreement.These options were never granted, and in connection with his entering into an amended and restated employment agreement with us effective January 1, 2002, Mr. Wedo was granted options as of December 6, 2002, to purchase 5,040,242 shares of Common Stock under the amended and restated employment agreement.

(4)
Mr. Murphy became an officer in June 2001 in connection with the Einstein Acquisition.

(5)
Effective April 1, 2002, Mr. Kamfar resigned as an officer and director.
...
H>  
  Expiration Date
  5%(2)
  10%(3)
Anthony D. Wedo   5,040,242   100 % $ 0.26   ...
 
  Number of Securities
Underlying Unexercised
Options at Fiscal Year End (#)

 
  Exercisable
  Unexercisable
Anthony D. Wedo   1,680,080  ...

        Anthony Wedo.    In July 2001, we entered into an employment agreement with Mr. Wedo, our Chief Executive Officer.Effective as of January 1, 2002, we entered into an amended and restated employment agreement with Mr. Wedo.The agreement expires on December 31, 2004, but is automatically renewed for additional one-year periods commencing each January 1, unless either party gives written notice of its desire not to renew such term at least 90 days prior to the end of the term or any such renewal term.The agreement provides for a base salary of $565,000 per year.At the beginning of each year during the term of the employment agreement, Mr. Wedo's base salary will be subject to an annual review by our board of directors at the recommendation of the compensation committee.Mr. Wedo is entitled to an annual performance bonus of up to 150% of his base salary for such year.The amount of the bonus will be determined by the board of directors after review by the Compensation Committee and is based upon the achievement of predetermined individual and company goals during such period.For the period July 16, 2001 to July 31, 2002, the contract provides

40


that Mr. Wedo will receive a guaranteed bonus of $187,500 payable in the amount of $46,875 on each of October 31, 2001, January 31, 2002, April 30, 2002 and July 31, 2002, which is considered a prepayment of the annual performance bonus described above.In addition, Mr. Wedo is entitled to a one-time bonus of $250,000 upon the consummation of an equity offering by NEW WORLD RESTAURANT GROUP INC generating at least $25 million or $500,000 if the equity offering generates at least $50 million.

        In connection with entering into the amended and restated employment agreement, Mr. Wedo was granted options to purchase 6% of our outstanding Common Stock (including the Common Stock issuable upon exercise of outstanding options and warrants with an exercise price of $3.00 per share or less) as of December 6, 2002 for $0.26 per share.The options were granted subject to the approval of the stockholders of any necessary increase in the number of shares reserved for issuance pursuant to the 1994 Stock Plan.The options vest in one-third increments on each of December 31, 2002, December 31, 2003 and December 31, 2004.

        In the event that we terminate Mr. Wedo's employment other than for cause, he will be paid severance compensation equal to one times his annual base salary.

        Mr. Wedo has agreed that from the date of the employment agreement until the first anniversary of the termination of the employment agreement, he will not directly or indirectly, without our prior written consent, engage anywhere in the United States (whether as an employee, consultant, proprietor, partner, director or otherwise), or have any ownership interest in (except for ownership of 10% or less of any outstanding entity whose securities are listed on a national securities exchange), or participate in the financing, operation, management or control of any firm, corporation or business (other than us) that engages in the marketing or sale of specialty coffee, bagels and/or fast casual sandwiches as one of its principal businesses.In addition, Mr. Wedo has agreed that from the date of the employment agreement until the second anniversary of the termination of the employment agreement, he will not directly or indirectly, without our prior written consent, solicit the services, or cause to be employed, any person who

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