Noodles & Co. NDLS, +5.18% shares fell more than 7% late Monday after news Kevin Reddy is stepping down as CEO and chairman, effectively straight away. the corporate’s board of administrators has appointed Robert Hartnett as chairman and Dave Boennighausen, Noodles & Co.’s chief monetary officer, as interim CEO. The board has started a search for external and internal candidates for a everlasting executive, Noodles & Co. stated in a observation. In the identical statement, the company forecast its comparable-store sales may have fallen 1% systemwide within the second quarter. the corporate said it expects quarterly earnings of $ 121 million, whereas analysts polled by means of FactSet have forecast sales of $ one hundred twenty five million for the quarter.