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March 30, 2015 4:18 PM ET

Hotels, Restaurants and Leisure

Company Overview of Golden Corral Corporation

Company Overview

Golden Corral Corporation operates restaurants in the United States. Its restaurants offer steaks, pork, seafood, shrimp, and chicken, sirloin, omelettes, pancakes, sausages and bacon, fruits, French toasts, pastries, breads, yeast rolls, cakes and pies, cookies, brownies, and ice creams, as well as chocolate flowing fountains in breakfast, lunch, and dinner. The company also offers franchising opportunities. Golden Corral Corporation was founded in 1973 and is based in Raleigh, North Carolina. It has support centers in Hurst, Texas; Raleigh, North Carolina; and Greenwood Village, Colorado.

5151 Glenwood Avenue

Raleigh, NC 27612

United States

Founded in 1973

Phone:

919-881-4465

Fax:

919-881-4654

Key Executives for Golden Corral Corporation

Chief Executive Officer and President
Founder and Chairman
Age: 74
Senior Vice President of Franchise Sales
Franchise Operations Real Estate Director
Company Operations Real Estate Director of Nationwide
Compensation as of Fiscal Year 2014.

Golden Corral Corporation Key Developments

Golden Corral Announces First International Restaurant Expansion

Golden Corral announced that it will soon launch plans for its first international restaurant location in Puerto Rico, with the expectation that it will start exporting its brand and food products to other parts of both the Western and Eastern Hemispheres shortly thereafter. The company has reached a franchise agreement with a potential operator in Puerto Rico for a restaurant that would open in 2017. The company's board of directors recently gave his staff permission to begin pursuing expansion of the brand into other countries, but he cautions that the company will move slowly.

Golden Corral Corporation Announces Management Changes

Golden Corral, announced the appointment of Lance Trenary as President and Chief Executive Officer effective January 1. Trenary, who started in his family's restaurant business at an early age washing dishes, moved up the ranks at Golden Corral the last 29 years, serving most recently as the company's Chief Operating Officer. Trenary will take over for retiring CEO Ted Fowler, who has held the top position with the company since 1989. Trenary will become Golden Corral's third CEO since the first restaurant opened its doors back in 1973. Trenary started in the restaurant business at 9 years old, washing dishes in his father's restaurants. In 1985, he started with Golden Corral as a restaurant partner manager and climbed up the corporate ladder with promotions to District Manager, Director of Operations, Division President, VP of Development, Senior VP of Company Operations and most recently as Chief Operating Officer.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 6, 2015
Wilson Golden Corral
 

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