BEAVERTON Ore. Bruce MacDiarmid said he has stepped down as president and chief executive of the Black Angus Steakhouse chain to take the posts of president and CEO here at 99-unit Shari’s Family Restaurants, beginning June 9.
He left Black Angus, based in Los Altos, Calif., several weeks ago after the 75-unit chain was acquired by private-equity firm Versa Capital Management of Philadelphia, which specializes in restructurings and turnarounds. Versa’s website lists no other restaurant companies in its investment portfolio.
At Shari’s, MacDiarmid will replace Larry Curtis, who had announced plans to retire from the regional chain after 24 years with the company.
Black Angus said it has tapped Gene Baldwin to serve as interim CEO. Baldwin is a consultant with CRG Partners, which had been involved in Versa's acquisition of the restaurant company.