The McCormick amp; Schmick’s Seafood Restaurants chain is looking for a new chief financial officer after announcing late Wednesday that former CFO Emanuel Hilario “ceased to be employed” by the company, effective May 21.

The McCormick & Schmick’s Seafood Restaurants chain is looking for a new chief financial officer after announcing late Wednesday that former CFO Emanuel Hilario “ceased to be employed” by the company, effective May 21.

Despite a net loss and a double-digit same-store sales decline in its first quarter, McCormick & Schmick’s Seafood Restaurants Inc. upgraded Wednesday its full-year outlook as the company expects to gain traction with cost-cutting initiatives and tax benefits later this year.