Carrols Restaurant Group, Inc. Appoints Deborah M. Derby as Chief Executive Officer
April 13 2023 - 8:00AM
Carrols Restaurant Group, Inc. (“Carrols” or the “Company”)
(Nasdaq: TAST) announced today that its Board of Directors has
appointed Deborah M. Derby as the Company’s new President and Chief
Executive Officer, effective May 1, 2023. Ms. Derby will succeed
Paulo A. Pena, the Company’s former President and CEO who passed
away unexpectedly on December 31, 2022, and Anthony Hull, the
Company’s Interim President and Chief Executive Officer, who will
continue to serve as the Company’s Vice President, Chief Financial
Officer and Treasurer. Ms. Derby, who has served as an independent
member of the Company’s Board of Directors since June 2018, will
continue to serve as a director of the Company.
Ms. Derby, age 59, has significant experience
leading multi-unit, consumer-focused companies that includes an
almost 15-year career at Toys “R” Us, Inc. between 2000 and 2015
where she served in a variety of senior executive positions
including President of Babies “R” Us and Vice Chairman of Toys “R”
Us. She has also served as the President of Horizon Group USA,
Inc., a wholesaler of craft components and activity kits, from 2016
until June 2020. Ms. Derby has served as a director of Henry
Schein, Inc. since February 2021. She also served as a director of
the Vitamin Shoppe, Inc. from 2012 to December 2019.
“We are excited to welcome Deb as our new Chief
Executive Officer,” said David Harris, the Chairman of the Board of
Carrols. “We are confident that we have identified an exemplary
individual with the skills and experience necessary to lead Carrols
and complement the strong management and restaurant operations team
we have in place at the Company. We would also like to express our
appreciation to Tony Hull for his leadership as Interim President
and CEO for the first four months of 2023.”
Ms. Derby stated, “I am honored to have been
named the next Chief Executive Officer of Carrols and am grateful
for the confidence that the Board has placed in me. I look forward
to working with the Board and Carrols’ talented management and
restaurant operations team to drive further improvement in our
financial and operational performance and capture what I believe
are the immense opportunities ahead of us.”
About the CompanyCarrols is one
of the largest restaurant franchisees in North America. It is
the largest BURGER KING® franchisee in the United States,
currently operating 1,019 BURGER KING® restaurants in 23 states as
well as 65 POPEYES® restaurants in seven states. Carrols has
operated BURGER KING® restaurants since 1976 and POPEYES®
restaurants since 2019. For more information, please visit the
Company's website at www.carrols.com.
Forward-Looking
StatementsExcept 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.
Investor Relations:Jeff
Priester332-242-4370investorrelations@carrols.com
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