Carrols Restaurant Group, Inc. Names Timothy J. LaLonde as Interim Chief Financial Officer
September 16 2019 - 7:00AM
Business Wire
Previously Served as Vice President, Controller
of Carrols for 20 Years
Carrols Restaurant Group, Inc. (“Carrols” or the “Company”)
(Nasdaq: TAST) announced that it has named Timothy “Tim” J. LaLonde
as interim Chief Financial Officer, interim Treasurer, and interim
Vice President effective today. As previously announced, the
Company is conducting a search for a permanent Chief Financial
Officer to replace the late Paul R. Flanders, who passed away on
September 7, 2019.
Daniel T. Accordino, Chairman and Chief Executive Officer of
Carrols, said, “We greatly appreciate Tim for stepping into the CFO
role on an interim basis until we identify and appoint a quality
candidate to fill the position permanently. Tim is a seasoned
professional with over four decades of finance and accounting
experience, including most notably as our own Controller for twenty
years. We therefore expect a seamless transition as he temporarily
rejoins the Carrols leadership team.”
Mr. LaLonde was most recently the Chief Financial Officer at
Dinosaur Restaurants, LLC, where he oversaw all treasury,
accounting, purchasing, and other administrative functions for the
BBQ restaurant brand from 2017 until earlier this year. Previously,
he was Vice President, Controller at Carrols from 1997 until 2017,
where he was responsible for all external reporting, accounting,
cash management, income tax and payroll functions. Earlier in his
career, he was Controller at Fay's Incorporated, a retailing chain,
from 1992 to 1997, and Senior Audit Manager at the accounting firm
Deloitte & Touché LLP, where he was employed since 1978. Mr.
LaLonde holds a BS in Accounting from Clarkson University.
About the Company
Carrols is one of largest restaurant franchisees in the United
States, and currently operates a total of 1,087 restaurants. It is
the largest BURGER KING® franchisee in the United States currently
operating 1,027 BURGER KING® restaurants and also operates 60
POPEYES® restaurants. It has operated BURGER KING® restaurants
since 1976. For more information on Carrols, please visit the
company's website at www.carrols.com.
Forward-Looking Statements
Except for the historical information contained in this news
release, the matters addressed are forward-looking statements.
Forward-looking statements, written, oral or otherwise made,
represent Carrols' expectation or belief concerning future events.
Without limiting the foregoing, these statements are often
identified by the words "may", "might", "believes", "thinks",
"anticipates", "plans", "expects", "intends" or similar
expressions. In addition, expressions of our strategies,
intentions, plans or guidance are also forward-looking statements.
Such statements reflect management's current views with respect to
future events and are subject to risks and uncertainties, both
known and unknown. You are cautioned not to place undue reliance on
these forward-looking statements as there are important factors
that could cause actual results to differ materially from those in
forward-looking statements, many of which are beyond our control.
Investors are referred to the full discussion of risks and
uncertainties as included in Carrols' filings with the Securities
and Exchange Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20190916005271/en/
Investor Relations: 800-348-1074, ext. 3333
investorrelations@carrols.com
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