AFC Enterprises, Inc. Appoints Martyn R. Redgrave to Board of Directors
ATLANTA -- October 9, 2013
AFC Enterprises, Inc. (NASDAQ:AFCE), the franchisor and operator of Popeyes®
restaurants, today announced the appointment of Martyn R. Redgrave to its
Board of Directors.
Mr. Redgrave is currently Senior Advisor at Limited Brands, Inc., one of the
largest specialty retail operators in the world with over $10 billion in
sales, $1.6 billion in operating income and 3000 stores. Limited Brands, Inc.
employs more than 100,000 associates with such brands as Victoria’s Secret,
Bath and Body Works, La Senza, PINK, and Henri Bendel.
As a veteran leader in the restaurant and retail industries, Mr. Redgrave
brings deep experience to the AFC Enterprises Board of Directors and his
appointment, alongside the recent addition of Joel K. Manby to the Board of
Directors, represents the culmination of a strategic, deliberate process to
further strengthen the AFC Board of Directors.
“For more than three decades, Martyn has proven to be an effective leader as a
C-level executive in the quick service restaurant, hospitality, and retail
industries,” said Cheryl Bachelder, AFC Enterprises Chief Executive Officer.
“He will bring valuable insight and wisdom to our leadership team as we move
Popeyes to the next level. We are excited to have him join our Board.”
While serving as Executive Vice President and Chief Administrative Officer of
Limited Brands, Inc. from 2005 to 2012, Mr. Redgrave was responsible for
leading the development and implementation of a transformational strategic
direction for the company leading to significant growth of its brands. He was
also responsible for the enterprise’s governance, financial, and
administrative functions, as well as shared services, information technology
services, supply chain operations and international store operations. In
addition, Mr. Redgrave served as Chief Financial Officer from 2006 to 2007.
Prior to Limited Brands, Inc., Mr. Redgrave served for 11 years as Executive
Vice President and Chief Financial Officer for Carlson Companies, which owns
such brands as TGI Fridays, Radisson Hotels, and Carlson Wagonlit Travel. He
also spent 14 years at PepsiCo, Inc. in a number of management positions,
including Senior Vice President, Finance and Chief Financial Officer at its
Kentucky Fried Chicken and Taco Bell brands.
“We are pleased to add Martyn as the newest member of our Board,” said John
Cranor, AFC Enterprises Board Chairman. “In each role Martyn has filled
throughout his career, he has proven himself as a visionary leader with the
expertise and determination to deliver results.”
Mr. Redgrave holds a Bachelor of Arts degree in Economics from Princeton
University and a Master of Business Administration degree from New York
University Stern School of Business. He also currently serves as Non-Executive
Chairman of the Board of Directors for Deluxe Corporation.
AFC Enterprises, Inc. is the franchisor and operator of Popeyes® restaurants,
the world's second-largest quick-service chicken restaurant concept based on
number of units. As of July 14, 2013, Popeyes had 2,153 restaurants operating
in the United States, Puerto Rico, Guam, the Cayman Islands and 28 foreign
countries. AFC’s primary objective is to deliver industry-competitive growth
in sales and profits by offering excellent investment opportunities in its
Popeyes brand and providing exceptional support systems and services to its
franchise owners. AFC Enterprises can be found at www.afce.com.
Forward Looking Statement
This press release contains certain “forward-looking statements,” as defined
under U.S. federal securities laws, with respect to the trading plan described
above. These forward-looking statements are based upon current plans and
expectations. Readers are cautioned not to place undue reliance on any
forward-looking statements. Forward-looking statements are necessarily subject
to risks, uncertainties and other factors, many of which are outside the
control of the Company. These risks, uncertainties and other factors are
described from time to time in the Company’s reports filed with the Securities
and Exchange Commission. Any forward-looking statement speaks only as of the
date on which such statement is made, and the Company undertakes no obligation
to update or revise any forward-looking statement, whether as a result of new
information, future events or otherwise.
AFC Enterprises, Inc.
Rebecca Gardy, 404-459-4673
Director, Finance & Investor Relations
Coltrin & Associates, Inc.
Jennifer Webb, 212-221-1616 ext. 111
Senior Vice President, Operations
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