AFC Enterprises Announces Director Retirement
AFC Enterprises, Inc. (NASDAQ: AFCE), the franchisor and operator of Popeyes® restaurants, today announced that John F. Hoffner is retiring from the Board of Directors following the expiration of his current term and will not stand for re-election at the annual shareholders meeting in 2013.
Mr. Hoffner has served on the Board of Directors since 2006 and currently serves as the chair of the Audit Committee and as a member of the People Services (Compensation) Committee.
“It has been a privilege to serve with my colleagues on our Board and management team over these past seven years,” said Mr. Hoffner. “Together, through our new strategic plan, I believe we have transformed Popeyes. The Company's prospects for the future have never been brighter, and the value we have worked hard to deliver to all of our stakeholders has never been greater.”
John M. Cranor, III, Chairman of the Board of the Directors, stated: “John has contributed enormously to the success of our enterprise since he joined the Board in 2006 through his dedication and commitment to helping us drive shareholder value. John’s experience, guidance and enthusiasm for the Popeyes brand will be missed.”
Cheryl A. Bachelder, Chief Executive Officer and Board Member, stated: “During his tenure, John was a valuable counselor to members of management and a great resource for his fellow Board members. All of us on the Board and the senior management team wish John the very best in his retirement.”
AFC Enterprises, Inc. is the franchisor and operator of Popeyes® restaurants, the world's second-largest quick-service chicken concept based on number of units. As of December 30, 2012 Popeyes had 2,104 operating restaurants in the United States, 3 territories and 26 foreign countries. AFC's primary objective is to deliver superior sales and profits by offering excellent investment opportunities in its Popeyes brand and providing exceptional franchisee support systems and services to its owners.
“During his tenure, John was a valuable counselor to members of management and a great resource for his fellow Board members. All of us on the Board and the senior management team wish John the very best in his retirement.”
“It has been a privilege to serve with my colleagues on our Board and management team over these past seven years,” said Mr. Hoffner. “Together, through our new strategic plan, I believe we have transformed Popeyes. The Company's prospects for the future have never been brighter, and the value we have worked hard to deliver to all of our stakeholders has never been greater.”
John M. Cranor, III, Chairman of the Board of the Directors, stated: “John has contributed enormously to the success of our enterprise since he joined the Board in 2006 through his dedication and commitment to helping us drive shareholder value. John’s experience, guidance and enthusiasm for the Popeyes brand will be missed.”
Cheryl A. Bachelder, Chief Executive Officer and Board Member, stated: “During his tenure, John was a valuable counselor to members of management and a great resource for his fellow Board members. All of us on the Board and the senior management team wish John the very best in his retirement.”
AFC Enterprises, Inc. is the franchisor and operator of Popeyes® restaurants, the world's second-largest quick-service chicken concept based on number of units. As of December 30, 2012 Popeyes had 2,104 operating restaurants in the United States, 3 territories and 26 foreign countries. AFC's primary objective is to deliver superior sales and profits by offering excellent investment opportunities in its Popeyes brand and providing exceptional franchisee support systems and services to its owners.