Jorge Concepcion named Shakey's COO

Shakey’s Pizza Asia Ventures Inc. on Thursday announced the promotion of Jorge Maria Concepcion as the company’s chief operating officer starting next year, stepping up the ranks after originally joining the firm as a general manager.

In a regulatory filing, Shakey’s said Concepcion’s promotion will take effect next Monday, Jan. 1, 2024, taking the lead in the day-to-day management of the company’s business operations.

“He will guide Shakey’s leadership team with short to medium-term strategic corporate direction. His focus remains on implementing and refining operational strategies and key programs that consistently exceed the established standards of excellence,” Shakey’s said.

Shakey’s reported a 64% growth in its net income for the first nine months of the year to P746 million, as systemwide sales increased by 40% to P13.5 billion.

“Beyond the numbers, we strive towards promoting good corporate governance practices within our organization and with our partners and franchisees, creating win-win opportunities and shared value,” Shakey’s president and chief executive officer Vicente Gregorio said in November.

Shakey’s Pizza is a fast-casual restaurant operator in the Philippines, carrying the brands Shakey’s, Peri-Peri Charcoal Chicken, R&B Milk Tea, and Potato Corner.Shares in the company were last traded at P9.75 apiece on Thursday, December 28, up by 5 centavos or 0.52% from Wednesday’s finish of P9.70.—NB, GMA Integrated News