On June 1, 2018, the Board of Directors of Ruth's Hospitality Group, Inc. elected Cheryl J. Henry, 44, the Company's current President & Chief Operating Officer, to the position of President and Chief Executive Officer, effective August 10, 2018 (the “Transition Date”). The Board also increased the number of directors of the Company from six to seven and elected Ms. Henry to the Board effective as of the Transition Date. Ms. Henry will stand for election by the stockholders of the Company at the next annual meeting of stockholders in 2019.

As part of this planned executive transition, the Board elected Michael P. O'Donnell, the Company's current Chairman and Chief Executive Officer, to the position of Executive Chairman of the Company, effective as of the Transition Date. Mr. O'Donnell has served as Chief Executive Officer of the Company since 2008. Ms. Henry has substantial experience as a senior executive.

Currently, Ms. Henry serves as the Company's President and Chief Operating Officer, a position she has held since July 2016. Prior to this role, Ms. Henry was Senior Vice President and Chief Branding Officer from August 2011 to July 2016. From June 2007 to August 2011, she served in various roles with the Company, including as Chief Business Development Officer.