NewsCovering Louisiana


Waitr CFO Jeff Yurecko to resign

Two board members have also resigned from their positions, according to Waitr
WAITR logo
Posted at 4:05 PM, Oct 16, 2019
and last updated 2019-10-16 18:16:12-04

Waitr announced today that Jeff Yurecko, the company's Chief Financial Officer, will resign from his position effective November 1, 2019 and that the company has initiated a search process to select a new CFO.

Adam Price, CEO of Waitr, said, "We would like to thank Jeff for his dedication to Waitr and Bite Squad since he joined Bite Squad in 2016. We are grateful for a strong finance and accounting team - including our Chief Accounting Officer Karl Meche who has over 20 years of experience leading accounting, treasury, SEC reporting, internal audit, tax and compliance - who will be a great asset until we find a permanent replacement for Jeff."

The company also announced that board members Sue Collyns and Scott Fletcher have resigned from the board and the board has initiated a search process to select new board members.

The company said the employees' decisions to resign were not related to a disagreement with the Company over any of its operations, policies or practices.

A Waitr official added that the company has now dropped their delivery fee to $4.

"We expect that the customer cost reduction will substantially increase business for our restaurant partners. Also as part of this commitment, Waitr has chosen a simple fee structure – a cheaper flat delivery fee to operate our business, no service fees added to your bill. We know many of our competitors may show low delivery fees, but customers are assessed additional service fees and small order fees, making it ultimately much more expensive than the advertised price. We believe this is another step to provide restaurants and their guests the best possible third-party delivery experience."

Price concluded, "I continue to be excited about the improvement opportunities sitting in front of the business that we are looking to take advantage of over the next 6, 12 and 24 months."