Scott Drake named CEO of Chuck E. Cheese

Company Leadership - CEC Entertainment has appointed Scott Drake as president and CEO, effective February 13, succeeding David McKillips who held the position since January 2020 [1] - Drake joined CEC in 2024 as CFO and has prior leadership experience at companies such as Farmer Brothers Coffee Co., GameStop, 7-Eleven, La Madeleine, and Coca-Cola [2] Financial Performance and Strategy - Under Drake's financial leadership, CEC has strengthened its balance sheet, refinanced its capital structure, and achieved growth through strategic initiatives, positioning the company favorably among competitors [3] - CEC has committed a $350 million investment for a systemwide remodel and brand refresh, which includes the launch of new concepts like Chuck E. Cheese Adventure World and Chuck's Arcade [3] Expansion Plans - CEC plans to accelerate domestic and international expansion, focusing on brand extensions and diversified revenue streams [4] - The company aims to open new Chuck E. Cheese Adventure World locations, expand Mega-Superhero Playgrounds, and introduce Chuck's Arcades in resort areas, including its first location in the United Kingdom [4] Operational Footprint - As of September 29, 2025, CEC and its franchisees operate a total of 657 venues, with 501 being company-operated across 44 states and Canada [5]