Famous Dave’s of America, Inc. Appoints Charles W. Mooty to Board of Directors
December 13 2016 - 5:22PM
Famous Dave’s of America, Inc. (NASDAQ:DAVE) today announced the
appointment of Chuck Mooty to the Company's board of directors.
Mr. Mooty currently serves as President and CEO of Jostens,
Inc. Prior to Jostens, he was Interim President, CEO, and Chairman
of the Board of Trustees of Fairview Health Services; President and
CEO of the Faribault Woolen Mill; and had a distinguished 21-year
career with International Dairy Queen, now owned by Berkshire
Hathaway Inc. During Mr. Mooty’s 21 years with International Dairy
Queen, he served as President and Chief Executive Officer from
January 2001 to July 1, 2008, Executive Vice President, Chief
Financial and Administrative Officer and Treasurer at International
Dairy Queen, Inc. until January 2001. Additionally, Mr. Mooty
served as the Chairman of International Dairy Queen, Inc. from 2003
to 2008.
"We are delighted to welcome Chuck Mooty to the Famous Dave's
board of directors,” said Chairman Joseph Jacobs. "Chuck’s
extensive executive leadership experience and perspective on the
restaurant franchising industry make him a tremendous asset to the
company and our shareholders, particularly at such a pivotal time
in the company’s history. The board welcomes Chuck and looks
forward to the unparalleled experience he will undoubtedly bring to
the turnaround of Famous Dave’s.”
Mike Lister, the company’s newly appointed CEO & COO shared
Mr. Jacobs’ sentiments, “I am thrilled to welcome Chuck to our
board of directors and look forward to leveraging his successful
and comprehensive restaurant operations experience as we better
position our company for success in 2017.”
Mr. Mooty commented, "I'm excited to join the board and work
with the devoted team on revitalizing the wonderful brand of Famous
Dave's. The viability of the independent franchisee is critical to
the success of Famous Dave's and I look forward to contributing to
the growth of the concept and better understanding how we can
improve the execution of the brand from a guest perspective."
About Famous Dave’sFamous Dave’s of America,
Inc. develops, owns, operates and franchises barbeque restaurants.
As of December 13, 2016, the Company has 176 restaurants, including
37 Company-owned restaurants and 139 franchise-operated
restaurants, located in 32 states, the Commonwealth of Puerto Rico,
Canada, and United Arab Emirates. Its menu features
award-winning barbequed and grilled meats, a selection of salads,
sandwiches, side items, and made-from-scratch desserts. For more
information visit: famousdaves.com, facebook.com/famousdaves, or
follow on Twitter @Famous_Daves.
Statements in this press release that are not strictly
historical, including but not limited to statements regarding the
expected financial impact of restaurant closures and lease
terminations, the timing of our restaurant openings and the timing
or success of our expansion plans, are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements involve known and unknown
risks, which may cause the Company's actual results to differ
materially from expected results. Although Famous Dave's of
America, Inc. believes the expectations reflected in any
forward-looking statements are based on reasonable assumptions, it
can give no assurance that its expectation will be attained.
Factors that could cause actual results to differ materially from
Famous Dave's expectation include financial performance, restaurant
industry conditions, execution of restaurant development and
construction programs, franchisee performance, changes in local or
national economic conditions, availability of financing,
governmental approvals and other risks detailed from time to time
in the Company's SEC reports.
Contact:
Dexter Newman– Chief Financial Officer
952-294-1300
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