Union Square Hospitality Group CEO Danny Meyer Steps Down

Chip Wade, current president and COO, will succeed Meyer.

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Danny Meyer is stepping down as CEO of Union Square Hospitality Group but will continue as executive chairman. Courtesy of Union Square Hospitality Group.
Chip Wade Headshot

Chip Wade will succeed Danny Meyer as CEO. Courtesy of Union Square Hospitality Group.

Union Square Hospitality Group (USHG) announced today that Founder and CEO Danny Meyer is stepping down, and Chip Wade will succeed him, effective Sept. 6.

Wade joined the company as president and COO in May 2019 and has since worked with Meyer to establish a long-term growth plan, including assembling a senior leadership team, according to the company. Meyer says his hope when Wade joined the company was that he’d one day succeed him as CEO, and “that day has unquestionably arrived.”

“He is an exemplary operational leader, wholly dedicated to our team members and committed to their professional and personal growth,” says Meyer in a press release. “We’ve partnered together and navigated the business through an incredibly challenging period emerging healthier than ever. This is the ideal time for me to hand Chip the baton.”

Before USHG, Wade spent 30 years in operational leadership in the hospitality industry, most recently spending 17 years with Red Lobster and Darden Restaurants. He also served as COO for Legal Sea Foods in Boston and worked in development and human resources for Carlson Restaurants Worldwide.

Meyer will continue as executive chairman, where he will collaborate with the leadership team on the creation of new restaurant concepts, consult on innovation and expansion strategies and remain an advisor and mentor.

Meyer founded USHG in 1985 with the opening of Union Square Cafe and, later, other restaurants, including Gramercy Tavern, The Modern and Daily Provisions.

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