Famous Dave's Names Dean Riesen Chairman of Its Board of Directors
August 02 2011 - 4:09PM
Famous Dave's of America, Inc. (Nasdaq:DAVE) announced today the
election of director Dean A. Riesen as chairman of the board, the
appointment of John Gilbert to its board, and the retirement of K.
Jeffery Dahlberg, from its board.
"The changes made today were part of a long-term succession plan
adopted by our board," said Dahlberg. "Dean and I have worked
closely together for more than eight years, and it's clear to me
and the rest of the board that he is ready to assume this new
leadership role." Dahlberg continued, "I'm leaving the board as a
loyal shareholder, an avid fan of the food and a strong supporter
of the brand." Dahlberg, 57, joined the board in 2001 and was
elected chairman in 2003. Previously he was Chairman &
CEO of GrowBiz International and CEO of Dahlberg Miracle
Ear.
Riesen, 54, joined the board in 2003, and has been chairman of
both the Compensation Committee and the Governance and Nominating
Committee. He spent most of his career at Carlson Holdings,
Inc., where he was president and chief executive of Carlson Real
Estate Company, and chief financial officer of Carlson
Holdings. He has served on the board of Thomas Cook Holdings,
LTD (UK), and Meridian Bank, N.A. He currently is Managing
Partner of Rimrock Partners, LLC, an investment company.
"Since joining our board in 2003, Dean has demonstrated a deep
understanding of our company and industry, and has brought great
perspective to our strategic direction," said Christopher
O'Donnell, president and CEO of Famous Dave's. "We will
greatly miss Jeff's insights as a board member, but we're excited
to have the breadth and depth of marketing and restaurant
experience that John Gilbert brings to our board."
John Gilbert, 54, is CEO of Vermont Teddy Bear, an award-winning
internet retailer based in Burlington, VT. He also serves on
the board of IGNITE Restaurant Group, which owns Joe's Crab
Shack. Gilbert has served in various marketing roles during
his career including Chief Marketing Officer at TJX, Inc.,
Dunkin Brands, Inc., YUM Brands, Inc., TGI Friday's Inc., and VP of
Marketing at General Cinema. In addition he has worked in
marketing roles at Coca Cola, Procter & Gamble and
IBM.
"John has deep experience in marketing and e-commerce, as well
as with franchise companies and the restaurant industry, and he
will be an invaluable resource to our board," Riesen said. "I
want to thank Jeff Dahlberg for the leadership, guidance and wisdom
he has brought to the board. He has played a critical role in
the growth and success of this company."
About Famous Dave's
Famous Dave's of America, Inc. develops, owns, operates and
franchises barbeque restaurants. As of today, the company owns 52
locations and franchises 131 additional locations in 37 states. Its
menu features award-winning barbequed and grilled meats, an ample
selection of salads, side items, sandwiches, and unique
desserts.
The Famous Dave's of America, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7726
Statements in this press release that are not strictly
historical, including but not limited to statements regarding 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: Diana G. Purcel - Chief Financial Officer
952-294-1300
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