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Log In / Register | May 22, 2018
News of a change in the board of directors or a chief officer of a firm

Chairman of 7-Eleven Parent Company Quits after Losing Board Showdown

Toshifumi Suzuki, 83, chairman of the 7-Eleven parent company Seven & i Holdings, resigned abruptly yesterday after a disagreement that culminated with the board ruling against him.

McDonald's Chairman Announces Retirement

Andrew J. McKenna
Andrew J. McKenna

OAK BROOK, IL--Andrew J. McKenna, 86, McDonald’s [NYSE:MCD] chairman of the board, announced today that he has advised the board that he will not be standing for re-election as a member of the board at the company’s annual shareholders' meeting on May 26.

Walter Replaces Novak as Chairman of Yum Brands

LOUISVILLE, Ky.—Yum Brands, Inc. (NYSE: YUM) announced yesterday that it has appointed Robert D. Walter, age 70, to replace 63 year-old David Novak. Walter will serve as non-executive chairman of the company's board of directors, following the firm's May 20, 2016 annual meeting of shareholders.

RadioShack’s CEO Quits after Nine Months; Franchisees Tried to Band Together

Shuttered RadioShackRon Garriques, the CEO of troubled RadioShack has called it quits after just nine months on the job. The firm's chief financial officer Gordon Briscoe has been named interim CEO as its board of directors searches for a permanent one.

Jamba Names Pace as CEO; Federico as Chair

Jamba new CEO Dave Pace
Jamba's new CEO, Dave Pace. photo/jamba

EMERYVILLE, Calif.— Jamba Juice (NASDAQ:JMBA) announced this morning that it has named David A. Pace as the company's new chief executive officer. He will begin on March 14. Jamba has also appointed existing director Richard L. Federico to chairman of the board. He will remain an independent director on the board.

Gold’s Gym Appoints New CEO, President & EVP Leave

On January 5 the private equity holding company of Gold's Gym International let franchisees and employees know that their president and executive vice president of operations are no longer with the firm. Gold Gym's chairman has been appointed CEO

TGI Fridays Hires Robert Palleschi as President & CEO

TGI Fridays new CEO Robert PalleschiCARROLLTON, Texas— Casual dining chain TGI Fridays announced Tuesday that Mr. Robert Palleschi has been appointed as the firm's president and chief executive officer, effective February 8. The firm used global executive firm Egon Zehnder. Palleschi replaces Nick Shepherd, who stepped down in October 2015.

Franchise Software Firm Naranga Hires Scott Mulloy as President

ATLANTA—Naranga, which provides IT management solutions for franchise, retail and hospitality operating systems, announced today that it has hired Scott Mulloy as president of the Georgia-based firm.

Chairman of Yum Brands David Novak to Retire

A KFC in China
Novak expanded Yum into China. Photo of a KFC in Beijing by ChinaSupertrends

LOUISVILLE, Ky—Yum Brands, Inc. (NYSE:YUM) announced Tuesday that its executive chairman David C. Novak, age 63, will retire in May, right after the firm's annual shareholder meeting.

Wendy’s CEO to Retire

Passing the leadership baton
Passing the baton; photo by TableAtny

DUBLIN, Ohio—The Wendy's Company (NASDAQ:WEN) announced that its president and chief executive officer Emil Brolick, age 67, will retire from management duties in May 2016. In accordance with the company's succession plan, Brolick will be succeeded by current chief financial officer Todd Penegor, age 50.