Published: January 20, 2012
Carrols Restaurant Group, Inc. Announces the Appointment of Clayton Wilhite as Chairman of the Board of Directors
SYRACUSE, N.Y. - (BUSINESS WIRE) - Carrols Restaurant Group, Inc. (NASDAQ:TAST) announced that Clayton
Wilhite has been appointed non-executive Chairman of the Board of
Directors. He succeeds Alan Vituli who retired as Chairman and as a
director effective January 16, 2012. Mr. Wilhite, who joined the Board
in 1997, is its longest serving independent director. Mr. Wilhite has
spent almost 40 years in the advertising and marketing industry and
prior to joining Carrols' board he served several clients in the
restaurant sector, including Burger King Corporation. As previously
announced, Daniel Accordino succeeded Mr. Vituli as CEO on January 1,
2012. Mr. Vituli is expected to continue as the non-executive Chairman
of the Board of Directors of Fiesta Restaurant Group, Inc. ("Fiesta" )
following the spinoff of Fiesta.
On behalf of the Board of Directors, Mr. Wilhite said: "The Board thanks
Alan Vituli for his dedicated service in guiding Carrols over the past
two and one-half decades. During his tenure Mr. Vituli took Carrols,
which was then a modest Burger King franchisee, and led it to become one
of the largest multi brand restaurant companies in the U.S. We and the
thousands of Carrols employees across the country are grateful for all
of his valuable contributions over the years."
About the Company
Carrols Restaurant Group, Inc., operating through its subsidiaries,
including Carrols Corporation and Fiesta Restaurant Group, Inc., is one
of the largest restaurant companies in the United States. The Company
operates three restaurant brands in the quick-casual and quick-service
restaurant segments with 551 company-owned and operated restaurants in
17 states as of October 2, 2011, and 35 franchised restaurants in the
United States, Puerto Rico, Ecuador, Honduras, Trinidad, the Bahamas and
Venezuela. Carrols Restaurant Group, through its indirect wholly owned
subsidiary Fiesta Restaurant Group, Inc. owns and operates the Pollo
Tropical and Taco Cabana restaurant businesses. Carrols Restaurant Group
is also the largest Burger King franchisee, based on the number of
restaurants, and has operated Burger King Restaurants since 1976.
Forward-Looking Statements
Except for the historical information contained in this news release,
the matters addressed are forward-looking statements. Forward-looking
statements, written, oral or otherwise made, represent the Company's
expectation or belief concerning future events. Without limiting the
foregoing, these statements are often identified by the words "may,"
"might," "believes," "thinks," "anticipates," "plans," "expects",
"intends" or similar expressions. In addition, expressions of our
strategies, intentions or plans, (including, without limitation, the
Company's planned spin-off transaction) are also forward-looking
statements. Such statements reflect management's current views with
respect to future events and are subject to risks and uncertainties,
both known and unknown. You are cautioned not to place undue reliance on
these forward-looking statements as there are important factors that
could cause actual results to differ materially from those in
forward-looking statements, many of which are beyond our control.
Investors are referred to the full discussion of risks and uncertainties
as included in the Company's and Carrols Corporation's filings with the
Securities and Exchange Commission.
Investor Relations:
Carrols Restaurant Group, Inc.
800-348-1074,
ext. 3333
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