By Business Wire, October 09, 2013, 05:05:00 PM EDT
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
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
"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
"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.
Source: AFC Enterprises, Inc.