• Danny Meyer, the highly regarded CEO of Union Square Hospitality Group, described by Eater NY as "a celebrated fixture in the NYC dining scene," announced yesterday that he is stepping down from the role, and will be succeeded by USHG president-COO Chip Wade.
Eater NY writes that "Meyer founded Union Square Hospitality Group 37 years ago, in 1985, with the opening of Union Square Cafe in downtown Manhattan. In the following decades, he's opened a parade of mostly well-received restaurants in NYC under the USHG umbrella: There are Michelin-starred spots including Gramercy Tavern and the Modern, all-day cafe Daily Provisions, barbecue spot Blue Smoke, and the more recent critically acclaimed addition of Ci Siamo at Manhattan West." And, there's Shake Shack, which has grown from a downtown NYC experiment to a fast food chain with higher ambitions and an international footprint.
The story notes that "the famed restaurateur will still have a presence at the company, however. Meyer is staying on as executive chairperson of USHG and will still be involved in creating new restaurants, consulting on company expansion ideas, and 'remain an active advisor and mentor' to the team, according to a press release on the news. He will also continue his other roles as managing partner of USHG's investing arm Enlightened Hospitality Investments, and board chairperson of the popular burger chain Shake Shack."