Danny Meyer to Step Down as CEO of Union Sq. Hospitality Group

Union Sq. Hospitality Group CEO Danny Meyer, a celebrated fixture within the NYC eating scene, is stepping down from his place after almost 4 a long time. USHG president and chief working officer Chip Wade — who beforehand held operations and administration roles for Purple Lobster and Olive Backyard guardian firm Darden — will likely be taking up as the corporate’s new CEO, efficient September 6.

Through the pandemic, the executives “partnered collectively and navigated the enterprise by means of an extremely difficult interval,” and now, “that is the perfect time for me handy Chip the baton,” Meyer mentioned in an announcement. “When Chip joined us three years in the past, our hope was that he’d someday be ready to succeed me as USHG’s chief, and that day has unquestionably arrived.”

The famed restaurateur will nonetheless have a presence on the firm, nevertheless. Meyer is staying on as government chairperson of USHG and can nonetheless be concerned in creating new eating places, consulting on firm growth concepts, and “stay an energetic advisor and mentor” to the group, in line with a press launch on the information. He will even proceed his different roles as managing companion of USHG’s investing arm Enlightened Hospitality Investments, and board chairperson of the favored burger chain Shake Shack.

Meyer based Union Sq. Hospitality Group 37 years in the past, in 1985, with the opening of Union Sq. Cafe in downtown Manhattan. Within the following a long time, he is opened a parade of largely well-received eating places in NYC beneath the USHG umbrella: There are Michelin-starred spots together with Gramercy Tavern and the Fashionable, all-day cafe Each day Provisions, barbecue spot Blue Smoke, and the more moderen critically acclaimed addition of Ci Siamo at Manhattan West.

The restaurateur can also be well-known for his “enlightened hospitality” strategy to restaurant service and administration, which he bottled up and bought within the 2006 ebook Setting the Desk. Nonetheless, Meyer has come beneath fireplace for mishandled misconduct allegations, within the now closed Battery Park Metropolis spot North Finish Grill.

“As CEO, I’m trying ahead to accelerating our progress by means of cultural, operational, and monetary efficiency, along with driving new enterprise priorities,” Wade mentioned in an announcement.

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