MIAMI, June 8 /PRNewswire/ -- Burger King Corporation today announced that
John W. Chidsey has been promoted to President of North America. Mr. Chidsey
will continue reporting directly to Brad Blum, Chief Executive Officer.
(Logo: http://www.newscom.com/cgi-bin/prnh/20031014/BKLOGO )
(Photo: http://www.newscom.com/cgi-bin/prnh/20040608/FLTU019 )
"John is a proven general manager and well qualified to continue the
strong momentum we are now demonstrating," said Brad Blum, Chief Executive
Officer, Burger King Corporation. "This promotion will enable us to increase
our domestic focus and accelerate the company's progress. John is off to a
strong start with his financial leadership and has significant experience
working with franchisees."
"Burger King is poised for a strong turnaround," said Mr. Chidsey. "I am
excited about the opportunity to put my franchise experience and knowledge to
work and in continuing to help the team build the BURGER KING(R) business,
together."
Mr. Chidsey will now be responsible for Franchise Operations, Company
Operations, Marketing, Franchise Sales and Development. He will also be
responsible for Burger King Canada. On an interim basis, Mr. Chidsey will
continue to oversee the Financial and Information Technology departments.
"John's experience in running major franchise brands makes him ideally
suited for this position," said Sanjeev Mehra, Burger King Board Member and
Managing Director, Goldman Sachs Capital Partners. "He will continue to build
upon the company's progress and current momentum."
Prior to his appointment at Burger King Corporation, Mr. 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
$5.7 billion division, which includes Avis Rent-A-Car and Budget Rent-A-Car
Systems. Mr. Chidsey also led the Financial Services Division, a $1.4 billion
division that includes Jackson Hewitt. Previously, Mr. 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 from Emory Business School and a Juris Doctorate from Emory Law
School, Atlanta, GA. He is a certified public accountant and a member of the
Georgia Bar Association.
About Burger King Corporation
Our vision: We proudly serve the best burgers in the business, plus a
variety of real, authentic foods ... all freshly prepared ... just the way you
want it.
The BURGER KING system operates more than 11,220 restaurants in all 50
states and in 60 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
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http://www.newscom.com/cgi-bin/prnh/20040608/FLTU019
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
Company News On-Call:
http://www.prnewswire.com/comp/124650.html
CONTACT:
Eric Anderson, Burger King Corporation,
+1-305-378-7277
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