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SONIC Drive-In Strengthens Senior Management Team as Growth Accelerates

  SONIC Drive-In Strengthens Senior Management Team as Growth Accelerates

      John Budd joins the team as chief development and strategy officer

Business Wire

OKLAHOMA CITY -- August 22, 2013

SONIC Drive-In (NASDAQ: SONC), the nation’s largest chain of drive-in
restaurants, today announced the hiring of John Budd in the newly created role
of chief development and strategy officer. In this role, Budd will oversee
franchise sales, real estate and construction – both domestically and
internationally. Additionally, in conjunction with the chief executive
officer, Budd will lead and assist in further development of key strategic
initiatives for the company. He will report directly to Clifford Hudson,
chairman, chief executive officer and president of Sonic Corp.

“Over the last few years we have successfully implemented a number of
initiatives to build our brand and business,” said Hudson. “These initiatives
have resulted in solid same-store sales and profit growth for our company and
franchisees and an increased share price for our shareholders. John’s rich
background in corporate development and strategy will serve as an asset to the
SONIC brand as we continue to grow.”

Budd joins SONIC from the Boston Consulting Group, where he served as a
partner and managing director. In that role, he gained relevant experience
helping restaurant brands create successful management strategies, drive unit
growth, implement long-term menu innovation and improve same-store sales and
profits. Prior to his work with Boston Consulting Group, he held various
domestic and international roles of increasing accountability with General
Electric.

“While I come from the world of consulting, I have a track record of
demonstrated impact. I’m eager to apply my experience and skill set to SONIC’s
long-term strategy and growth,” said Budd. “I’m thrilled to be joining the
talented leadership team at SONIC at the perfect time. They’ve got a clear
vision, a strong brand and momentum. And now, it’s time to use this momentum
to take the brand to new heights.”

Budd graduated from the Wharton School at the University of Pennsylvania with
a B.S. in Economics and earned his M.B.A. from the Kellogg School of
Management at Northwestern University.

About SONIC, America’s Drive-In

SONIC®, America's Drive-In®, is the nation's largest chain of drive-in
restaurants with more than 3,500 drive-ins serving approximately 3 million
customers every day. Over the past 60 years, SONIC has delighted guests with
signature menu items, more than 1 million drink combinations, friendly service
by iconic Carhops and ongoing support of education through its award-winning
Limeades for Learning® program. SONIC received top honors as America’s “#1
burger quick service restaurant” in the 2013 Temkin Experience Ratings report.
For more information about Sonic Corp. (NASDAQ/NM: SONC) and its subsidiaries,
please visit sonicdrivein.com. Customers can also connect with SONIC at
facebook.com/sonicdrivein or on Twitter @sonicdrive_in.

SONC-G

Contact:

for SONIC Drive-In
Madison LaRoche, 512-542-2842
madison.laroche@cohnwolfe.com
 
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