Louis Jacobs and Jeremy Jacobs Jr. have been named co-chief executive officers for Delaware North, along with Charlie Jacobs, who will become chief executive officer for Delaware North's Boston Holdings.
Need a new CEO? Why not three?
Louis Jacobs and Jeremy Jacobs Jr. have been named co-chief executive officers at Delaware North, while brother Charlie Jacobs will serve as CEO of Delaware North’s Boston Holdings including TD Garden, New England Sports Network, the Boston Bruins and real estate holdings.
Jeremy Jacobs has stepped down, having served as CEO since 1968. He will continue to serve as chairman of Delaware North. The three brothers have all held senior executive positions within the company for the last several years.
Three CEOs could help ease the hole that will be left later this year. Current president and chief operating officer of Delaware North, Charles Moran, plans to retire in December. The brothers have been working closely with Moran on several growth initiatives, including the company’s recent reentry into Asia and acquisitions such as that of the Patina Restaurant Group.
The Jacobs executives will be supported by a board of directors and the existing executive team. Currently, Delaware North has hospitality and food service operations on four continents, with more than 60,000 employees at national parks, resorts, sports and entertainment facilities and airports.
The company will celebrate its 100th anniversary in 2015.