Pizza Inn CEO Charles Morrison steps down
Pizza Inn Holdings Inc. said Thursday that chief executive Charles R. Morrison has stepped down and Clinton J. Coleman has been named interim CEO.
The Colony, Texas-based company has launched a search to replace Morrison, who has accepted another job that a spokeswoman said could not yet be revealed.
Coleman, managing director of Pizza Inn’s largest investor, Newcastle Capital Management, has served on Pizza Inn’s board since 2007.
"Charlie has been a great leader for Pizza Inn over the past six years, and we wish him well in the next step of his career," Coleman said in a statement.
Pizza Inn owns and franchises 300 restaurants, including the year-old fast-casual Pie Five Pizza Co. The 53-year-old company has also opened new locations in China.
"We are in a great position for the next phase of business, and we are focused on choosing the right leader to build on our momentum with both concepts," Coleman said.