Luby's, Inc. announced that John Garilli has been appointed Luby's Interim President effective January 27, 2021, as Christopher Pappas stepped down as President as part of the Company's plan of monetizing its assets for the benefit of shareholders. Mr. Pappas remains a member of the Board of Directors of Luby's, Inc. and its large shareholder. Mr. Garilli, has been a member of Winthrop Capital Advisors LLC and its affiliates since 1995 serving in various capacities, currently as President and Chief Operating Officer. Mr. Garilli has served as Chief Executive Officer, President, Chief Financial Officer, Treasurer, and Secretary of New York REIT Liquidating LLC ("NYRTLLC") since November 2018 and served as the Chief Executive Officer of its predecessor, New York REIT, Inc.