Popeyes Louisiana Kitchen, Inc. Names William P. Matt as New Chief Financial Officer
August 21 2014 - 7:05AM
Business Wire
Popeyes Louisiana Kitchen, Inc. (NASDAQ:PLKI), the franchisor
and operator of Popeyes® restaurants, today announced that William
P. Matt will be joining the Popeyes executive team as Chief
Financial Officer, effectively immediately. Reporting to Chief
Executive Officer, Cheryl Bachelder, Mr. Matt will oversee the
Company’s financial matters and lead the Company’s efforts in
determining and implementing the most effective strategies for
Popeyes to accelerate its long-term growth potential and maximize
shareholder value.
“The addition of Will as our new CFO brings a strong complement
to our leadership team as we execute our strategic roadmap for
growth around the globe,” said Ms. Bachelder. “Will’s broad,
relevant experience in leading growth at evolving brands will be
instrumental in Popeyes’ continued success. Spanning beyond finance
to real estate, technology and operations, Will’s experience
collaborating in cross-discipline teams makes him a strong cultural
fit for Popeyes, and we are pleased to have him join our
Company.”
Mr. Matt joins Popeyes with experience in both the retail and
food service industries. He most recently served as Chief Operating
Officer of La Senza Global, an arm of L Brands Inc., based in
Columbus, Ohio. Mr. Matt also served as Chief Financial Officer of
Victoria Secret Direct while at L Brands, Inc. Prior to his 14
years with L Brands, Mr. Matt spent nine years at PepsiCo/KFC,
culminating as Vice President, Planning.
“Over the last several years, Cheryl and her team have
transformed Popeyes into one of the most significant brands in the
QSR space,” said Mr. Matt. “With the momentum the brand has
established, the Company is poised to achieve new levels of success
for its stakeholders and I am proud to be part of this executive
team.”
Mr. Matt completed his undergraduate work at Colgate University,
and received an MBA from Columbia Business School.
Corporate Profile
Popeyes Louisiana Kitchen, 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 July 13, 2014,
Popeyes had 2,262 operating restaurants in the United States, three
territories, and 26 foreign countries. The Company’s primary
objective is to deliver sales and profits by offering excellent
investment opportunities in its Popeyes brand and providing
exceptional franchisee support systems and services to its owners.
Popeyes Louisiana Kitchen, Inc. can be found at
www.popeyes.com.
Forward-Looking Statement: Certain statements in this
Press Release contain “forward-looking statements” within the
meaning of the federal securities laws. Statements regarding future
events and developments and our future performance, as well as
management’s current expectations, beliefs, plans, estimates or
projections relating to the future, are forward-looking statements
within the meaning of these laws. These forward-looking statements
are subject to a number of risks and uncertainties. Examples of
such statements in this Press Release include discussions regarding
the Company’s planned implementation of its strategic plan, planned
share repurchases, projections and expectations regarding
same-store sales for fiscal 2014 and beyond, expectations regarding
future growth and commodity costs, expectations regarding
restaurant reimaging, guidance for new restaurant openings and
closures, effective income tax rate, and the Company’s anticipated
2014 and long-term performance, including projections regarding
general and administrative expenses, capital expenditures and
adjusted earnings per diluted share, and similar statements of
belief or expectation regarding future events. Among the important
factors that could cause actual results to differ materially from
those indicated by such forward-looking statements are: competition
from other restaurant concepts and food retailers, continued
disruptions in the financial markets, the loss of franchisees and
other business partners, labor shortages or increased labor costs,
increased costs of our principal food products, changes in consumer
preferences and demographic trends, as well as concerns about
health or food quality, instances of avian flu or other food-borne
illnesses, general economic conditions, the loss of senior
management and the inability to attract and retain additional
qualified management personnel, limitations on our business under
our 2013 Credit Facility, our ability to comply with the repayment
requirements, covenants, tests and restrictions contained in our
2013 Credit Facility, failure of our franchisees, a decline in the
number of franchised units, a decline in our ability to franchise
new units, slowed expansion into new markets, unexpected and
adverse fluctuations in quarterly results, increased government
regulation, effects of volatile gasoline prices, supply and
delivery shortages or interruptions, currency, economic and
political factors that affect our international operations,
inadequate protection of our intellectual property and liabilities
for environmental contamination and the other risk factors detailed
in the Company’s 2013 Annual Report on Form 10-K and other
documents we file with the Securities and Exchange Commission.
Therefore, you should not place undue reliance on any
forward-looking statements.
Popeyes Louisiana Kitchen, Inc.Investor inquiries:Rebecca Gardy,
404-459-4673Director, Finance & Investor
Relationsinvestor.relations@popeyes.comorMedia inquiries:Todd Burke, 404-459-4737VP,
Corporate Communicationstodd.burke@popeyes.comorColtrin &
AssociatesJennifer Webb, 212-221-1616Jennifer_webb@coltrin.com
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