MIAMI, Feb. 25 /PRNewswire/ -- Burger King Corporation today announced the
appointment of John W. Chidsey as Chief Financial and Administrative Officer,
reporting directly to Brad Blum, Chief Executive Officer. He will also serve
as a key member of the Executive Leadership Team.
(Logo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20031014/BKLOGO )
"John brings global financial and strategic leadership to the BURGER
KING(R) team," Blum said. "He has a proven track record with global companies
and has significant experience working with franchisees. His background also
includes building successful management teams and repositioning and
restructuring a number of well-known brands. John will make an immediate
impact as he leads our global financial team and develops the corporate
strategic planning process including our franchise restaurant restructuring
strategy."
"This is an exciting time to join Burger King as the company is poised for
a strong turnaround," said Chidsey. "I look forward to being an integral part
of its success working closely with Brad and the entire Burger King system."
Chidsey will be responsible for finance, corporate strategic planning,
oversight of the annual budget, the information technology function, risk
management, corporate procurement as well as the Franchise Financial
Restructuring Program (FFRP).
Prior to his appointment at Burger King Corporation, Chidsey served as
Chairman and Chief Executive Officer for two corporate divisions at Cendant
(NYSE: CD). While at Cendant, Chidsey led the Vehicle Service Division, a
$4.2 billion division, which includes Avis Rent A Car and Budget Rent A Car
Systems. Chidsey also led the Financial Services Division, a $1.4 billion
division that includes Jackson Hewitt.
Previously, Chidsey was the Chief Financial Officer of Pepsi-Cola Eastern
Europe and the Chief Financial Officer of PepsiCo World Trading Co., Inc.
Mr. Chidsey holds an M.B.A. in Finance and Accounting and a Juris
Doctorate from Emory Business School, Atlanta, GA. He is a certified public
accountant and a member of the Georgia Bar Association.
About Burger King Corporation
We Take Pride in Serving Our Guests the Best Burgers and a Variety of
Other Great-Tasting, Healthy Foods Cooked Over an Open Fire. That's What We're
All About.
The BURGER KING(R) system operates more than 11,285 restaurants in all 50
states and in 58 countries and territories around the world. Ninety-one
percent of BURGER KING restaurants are owned and operated by independent
franchisees, many of them family-owned operations that have been in business
for decades.
Burger King Holdings, Inc., the parent company, is private and
independently owned by an equity sponsor group comprised of Texas Pacific
Group, Bain Capital and Goldman Sachs Capital Partners. In fiscal year ending
June 30, 2003, Burger King Corporation had system-wide sales of $11.1 billion.
To learn more about BURGER KING, please visit the company's website at
http://www.burgerking.com.
SOURCE Burger King Corporation
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Related links:
http://www.burgerking.com
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/20031014/BKLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
Company News On-Call:
http://www.prnewswire.com/comp/124650.html
CONTACT:
Rob Doughty of Burger King Corporation,
+1-305-378-7277
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