Sonic Elevates Claudia San Pedro to President
February 02 2018 - 11:04AM
Business Wire
Treasurer elected to chief financial officer
and hotel veteran elected to board of directors
Sonic Corp. (NASDAQ: SONC), the nation’s largest chain of
drive-in restaurants, today announced promotions of Claudia S. San
Pedro to president and Corey R. Horsch to chief financial officer.
Shareholders also elected S. Kirk Kinsell to the board of
directors.
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Claudia S. San Pedro to serve as
president for Sonic Corp. (Photo: Business Wire)
Ms. San Pedro most recently served the company as executive vice
president and chief financial officer. A twelve-year veteran of
Sonic, Ms. San Pedro joined the company as treasurer and was
subsequently promoted to vice president of investor relations.
Appointed chief financial officer in 2015, she led all financial
strategies for the company and planning practices, as well as the
brand’s relationship with lending institutions, shareholders, and
the financial community. In her new role, Ms. San Pedro’s
responsibilities include franchisee relations, supply chain,
franchise sales and development, and business planning. She will
provide oversight of the finance function as well.
Filling Ms. San Pedro’s vacated role of chief financial officer
is Corey Horsch. Mr. Horsch joined Sonic as vice president of
investor relations and treasurer in 2015. In his new role, he is
responsible for all financial planning, internal audit, accounting
and tax, while maintaining leadership for the investor relations
and treasury functions.
Newly elected to the board is Kirk Kinsell for a three-year
term. Mr. Kinsell is a seasoned hospitality executive with more
than 30 years of operational, franchising and management experience
in the hotel sector who currently serves as principal partner of
Panther Ridge Partners, LLC, an investment and advisory company
focused on the hospitality sector. He previously served as
president and CEO of Loews Hotels and Resorts.
“I am delighted to promote Claudia to president and Corey to
chief financial officer,” said Cliff Hudson, Sonic Corp. CEO.
“Claudia’s focus on building relationships, business acumen and
strategic mindset position the company well for future growth.
Claudia is a highly skilled leader with an eye for developing
talent, as evidenced by our ability to seamlessly transition Corey
into the CFO role. Her readiness for this new role has been
evidenced by the leadership she has shown to date, and I welcome
her executive partnership.
“Additionally, we are excited to welcome Kirk as a new
independent director to our board. His executive experience in the
hospitality industry nicely complements the breadth of experience
on our board.”
Existing directors re-elected to the Sonic Corp. board are
Steven A. Davis and Kate S. Lavelle. Continuing director Jeffrey H.
Schutz was elected by his peers to serve as lead independent
director. Other continuing board members are Tony D. Bartel, R.
Neal Black, Lauren R. Hobart, Federico R. Peña, Susan E. Thronson,
Kathryn L. Taylor and Cliff Hudson. Retiring from the board are
long-standing directors J. Larry Nichols, who served on the board
for 11 years, and Frank E. Richardson, who served on the board
since 1991.
“We greatly appreciate Larry’s and Frank’s many years of service
to Sonic as stewards of our shareholders’ interests,” continued Mr.
Hudson. “They both provided outstanding leadership during their
tenures as Board members and especially during their tenures as
lead independent directors.”
About SONIC, America’s
Drive-In
SONIC, America's Drive-In is the nation's largest drive-in
restaurant chain serving approximately 3 million customers every
day. Nearly 94 percent of SONIC's 3,500 drive-in locations are
owned and operated by local business men and women. For 65 years,
SONIC has delighted guests with signature menu items, 1.3 million
drink combinations and friendly service by iconic Carhops. Since
the 2009 launch of SONIC's Limeades for Learning philanthropic
campaign in partnership with DonorsChoose.org, SONIC has donated
$9.5 million to public school teachers nationwide to fund essential
learning materials and innovative teaching resources to inspire
creativity and learning in their students. To learn more about
Sonic Corp. (NASDAQ/NM: SONC), please visit sonicdrivein.com and
please visit or follow us on Facebook and Twitter. To learn more
about SONIC's Limeades for Learning initiative, please visit
LimeadesforLearning.com.
SONC-F
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Sonic Corp.Christi Woodworth, 405-225-5600Vice President of
Public Relations
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