Boston Chicken’s 2 Top Managers Resign

The two men who propelled Boston Chicken Inc. into a nationwide chain resigned and turned the reins of the struggling company over to a veteran of the family-style restaurant industry. Michael J. Jenkins, 51, was appointed chairman, chief executive and president of the Golden, Colo.-based company, one day after leaving a similar position at Vicorp Restaurants Inc., which operates more than 350 Village Inn and Bakers Square restaurants. Jenkins replaced Saad Nadhir, who resigned as co-chairman and CEO, and Scott Beck, who resigned as co-chairman and president. Also leaving was chief financial officer Mark W. Stephens. The company’s stock has dropped from a 52-week high of $25.50 a share to Friday’s close of $5 a share on Nasdaq, up 72 cents from the previous day.