Ruby Tuesday, Inc. Announces Management Change

Ruby Tuesday, Inc. announced that Sandy Beall, its Founder, Chairman of the Board, Chief Executive Office (CEO), and President, has announced his intention to step down from management and the Board. A committee of the Board has been formed to oversee the succession process and to identify the next chief executive to lead the Company into the future. The committee plans to retain an executive search firm and begin a search process immediately. Beall will continue to serve as Chairman of the Board, CEO, and President until the completion of the selection process and a successor is named. Beall opened the first Ruby Tuesday restaurant in 1972 in Knoxville, Tennessee near the campus of the University of Tennessee.