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.