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]

This story was originally published on Restaurant Dive. To receive daily news and insights, subscribe to our free daily Restaurant Dive newsletter. Dive Brief: CEC Entertainment is promoting Scott Drake to CEO and president, succeeding David McKillips, effective Feb. 13, according to a Tuesday press release. Drake has served as CFO at the company since 2024. McKillips led the parent company of Chuck E. Cheese and Peter Piper Pizza since 2020, and helped the company through “post-pandemic stabilization ...