MIAMI, Oct. 25 /PRNewswire-FirstCall/ -- Burger King Corporation today
announced the appointment of Kneeland Youngblood to the Company's Board of
Directors.
(Logo: http://www.newscom.com/cgi-bin/prnh/20031014/BKLOGO )
"We are very fortunate to have attracted someone of Kneeland's caliber to
our Board of Directors," said Greg Brenneman, chief executive officer, Burger
King Corporation. "Kneeland is extremely well-respected in the business
community and has incredible credentials with consumer brands and public
policy, which make him a great fit for BURGER KING(R)."
Mr. Youngblood is co-founder and managing partner of Pharos Capital Group,
LLC, a private equity firm focused on providing growth and expansion capital
to businesses in technology, business services and health care. He is also
currently a Trustee of the Dallas Employees' Retirement Fund, and in January
2005 will assume the role of Chairman for the American AAdvantage Funds, a $13
billion mutual fund company managed by AMR Investments, a $25 billion
investment affiliate of American Airlines.
In addition, Mr. Youngblood is currently on the Board of Directors at
Starwood Hotels and Lodging, one of the largest hotel companies in the world
with more than 725 properties in 80 countries and 120,000 employees. Its
renowned brands include St. Regis, The Luxury Collection, Sheraton, Westin,
The W Hotels and Four Points by Sheraton.
Previously, Mr. Youngblood was a Presidential Appointee and Senate-
confirmed Director of the United States Enrichment Corporation, a global
energy services company taken public in 1998 in a $1.4 billion initial public
offering. Mr. Youngblood also served six years on the Board of Trustees for
the Teacher Retirement System of Texas and served as Chairman of the Real
Estate Committee, where he directed a major restructuring of the $1.4 billion
portfolio.
Mr. Youngblood is a member of the Council on Foreign Relations and Special
Contributions Fund trustee of the NAACP.
Mr. Youngblood has a B.A. in Politics/Science in Human Affairs from
Princeton and a medical degree from the University of Texas Southwestern
Medical School.
About Burger King Corporation
The BURGER KING(R) system operates more than 11,220 restaurants in all 50
states and in 61 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, 2004, 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:
Laina Kawass of Burger King Corporation,
+1-305-378-7277
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