Fiesta Restaurant Group CEO Steps Down

Richard Stockinger, CEO and president of Fiesta Restaurant Group, the parent company of Pollo Tropical, has stepped down to pursue other interests, the company announced.

Stockinger, a one-time CEO and president of Benihana, joined Fiesta Restaurant Group in 2017. The company also owned the fast-casual concept Taco Cabana at the time; it sold the brand in August 2021 for $85 million.

While the company searches for a permanent replacement, CFO Dirk Montgomery will serve as interim CEO. Montgomery, who has held the CFO role since 2019, brings experience working in accounting, finance, technology and global supply chains for major restaurant brands, including Hooters and Bloomin’ Brands.

“Dirk has the experience, knowledge and capabilities to step into the role without missing a beat,” says Stacey Rauch, board chair, in a press release. “He understands our culture, our industry, the challenges we face and the opportunities that await us. The board is confident his leadership will further enable the company to accelerate growth.”

Fiesta appointed its controller, Tyler Yoestring, as chief accounting officer and acting CFO, effective immediately.