Chuck E. Cheese's Announces New Senior Vice President, Chief Operating Officer of International Development

2008-12-19
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  • CEC Entertainment Chuck E. Cheese's Hires Michael Beacham to Lead the Company's Growing Presence across the Globe

    CEC Entertainment, Inc. (NYSE: CEC) today announced the appointment of Michael Beacham as Senior Vice President-Chief Operating Officer of International Development. Beacham is responsible for directing the company's growth internationally as well as managing its domestic franchise growth. Currently CEC Entertainment operates company-owned stores in Canada, as well as franchise-owned stores in Latin America, Puerto Rico, Saudi Arabia and Dubai.

    Beacham joins CEC Entertainment from TGI Friday's where he was Vice President of International Development, responsible for international corporate and franchise sales and development. At TGI Friday's, Beacham managed a franchise network totaling approximately 340 stores that stretched to more than 60 countries in all regions of the world.

    'Michael's extensive background in international development will be a tremendous asset to our team in furthering our development of Chuck E. Cheese's globally,' said Mike Magusiak, President and Chief Executive Officer. 'I believe we have a long-term opportunity to expand internationally. We are the nation's leader in family entertainment and dining and believe our concept provides an attractive business opportunity for international owners providing outstanding operating margins and return on investment. I think that fun is universal and that families around the world will enjoy celebrating at Chuck E. Cheese's,' added Magusiak.

    'I am excited about the opportunity to be part of the industry leader in the family restaurant and entertainment segment, and introducing this fun and exciting concept to families around the world,' said Beacham. 'Based on my extensive international experience, I'm ready to introduce this tremendous opportunity and expand globally with quality partners.'

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