The Franchise Owner's most trusted news source


Log In / Register | Jan 24, 2017
News of a change in the board of directors or a chief officer of a firm

Bojangles' Names Dunkin’s Kussell as Non-Exec Chairman

CHARLOTTE, N.C.—Chicken chain Bojangles' Inc. [BOJA:NASDAQ], a system of 671 quick service restaurants of which 383 are franchised, announced yesterday that it has appointed William A. Kussell as non-executive chairman of its board of directors, effective June 8.

Quiznos CEO Doug Pendergast Steps Down, Replaced by CFO

Shuttered QuiznosDENVER—Quiznos announced on Thursday the resignation of its CEO and president, Doug Pendergast. After appointing him as chief executive just a year and a half ago, the company now says that Pendergast is stepping down to spend more time with his family in Atlanta.

Wendy's Investigates POS Cyber Breach; Changes CEO

DUBLIN, Ohio—Wendy's and its franchises have had a stroke of misfortune.

Rick Hernandez Appointed as Non-Executive Chairman of McDonald’s

McDonald's new non-executive chairman Rick Hernandez

OAK BROOK, Ill.—McDonald's Corporation (NYSE:MCD) announced just after its shareholders meeting on Thursday that Enrique Hernandez, Jr. has been elected as non-executive chairman on the company's board of directors.

Smashburger Names Co-Founder Tom Ryan as Chief Brand Officer

Tom Ryan
Tom Ryan, co-founder of Smashburger

DENVER—In a further shifting of its executive ranks, Smashburger announced on Monday that it is bringing back its co-founder, Tom Ryan, into a more active role in the company. Ryan has been named to be the better burger chain's new chief brand officer.

As Smashburger CEO Crane Leaves, Long Live Chief Nolan

Michael Nolan
Smashburger new CEO Michael Nolan

DENVER—In an email on Friday to employees and franchisees, Smashburger announced that its CEO, Scott Crane, was immediately leaving the company. Three working days later, yesterday, the franchisor of better burger restaurants announced it had appointed a replacement – industry veteran Michael Nolan.

Vaughn Starts as CEO of Frisch’s Big Boy

Frisch's new CEO Jason Vaughn (Photo:BusinessWire)

CINCINNATI—After a seven-month search, Frisch's Big Boy has found its new CEO, 25-year restaurant veteran Jason Vaughn. The new CEO started yesterday.

Chairman of 7-Eleven Parent Company Quits after Losing Board Showdown

Toshifumi Suzuki, 83, chairman of the 7-Eleven parent company Seven & i Holdings, resigned abruptly yesterday after a disagreement that culminated with the board ruling against him.

McDonald's Chairman Announces Retirement

Andrew J. McKenna
Andrew J. McKenna

OAK BROOK, IL--Andrew J. McKenna, 86, McDonald’s [NYSE:MCD] chairman of the board, announced today that he has advised the board that he will not be standing for re-election as a member of the board at the company’s annual shareholders' meeting on May 26.

Walter Replaces Novak as Chairman of Yum Brands

LOUISVILLE, Ky.—Yum Brands, Inc. (NYSE: YUM) announced yesterday that it has appointed Robert D. Walter, age 70, to replace 63 year-old David Novak. Walter will serve as non-executive chairman of the company's board of directors, following the firm's May 20, 2016 annual meeting of shareholders.