Diedrich Coffee Announces Appointment of New Chief Financial Officer
January 03 2006 - 9:16PM
PR Newswire (US)
IRVINE, Calif., Jan. 3 /PRNewswire-FirstCall/ -- Diedrich Coffee,
Inc. (NASDAQ:DDRX) announced today that Sean M. McCarthy has been
appointed to serve as the new Chief Financial Officer of the
Company following the planned retirement of Martin A. Lynch on
January 1, 2006. "On behalf of the Board of Directors, I would like
to take this opportunity to thank Marty for his leadership over the
past two and a half years," commented Paul C. Heeschen, Chairman of
the Board of Directors. "During his term, Marty guided us through a
number of challenging issues. At the same time, I am pleased to
announce the appointment of Sean McCarthy as our new Chief
Financial Officer. Sean was hired by Marty as the company's
Controller in April 2004 and has served under Marty's leadership
since that time. Sean's experience working alongside Marty should
ensure a smooth transition and I believe Sean will prove to be an
extraordinary asset to Steve Coffey in facilitating the growth of
our company." Prior to becoming Vice President, Controller of
Diedrich Coffee, Mr. McCarthy served as Director, Finance for FRD
Acquisition Company, Inc. (d/b/a Coco's & Carrows Restaurants),
a subsidiary of Advantica Restaurants Group, Inc., a publicly
traded foodservice company. Mr. McCarthy also previously served in
various accounting and financial capacities for Taco Bell, Inc. and
El Torito Restaurants, Inc. Mr. McCarthy earned a B.S. degree in
business management from Pepperdine University and a Master's
degree in business administration from the University of Southern
California. About Diedrich Coffee With headquarters in Irvine,
California, Diedrich Coffee specializes in sourcing, roasting and
selling the world's highest quality coffees. The Company's three
brands are Gloria Jean's Coffees, Diedrich Coffee and Coffee
People. The Company's 206 domestic retail outlets, the majority of
which are franchised, are located in 33 states. Diedrich Coffee
also sells its coffees through more than 460 wholesale accounts
including office coffee service distributors, restaurants and
specialty retailers, via mail order and the Internet. For more
information about Diedrich Coffee, call 800-354-5282, or visit the
Company's Web sites at http://www.diedrich.com/,
http://www.gloriajeans.com/ and http://www.coffeepeople.com/.
Forward-Looking Statements Statements in this news release that
relate to future plans, financial results or projections, events or
performance are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, and fall
under the safe harbor. Actual results and financial position could
differ materially from those anticipated in the forward-looking
statements as a result of a number of factors, including, but not
limited to, the successful management of Diedrich Coffee's growth
strategy, risks that arise in the context of operating a business
with significant franchise operations, the impact of competition,
the availability of working capital and other risks and
uncertainties described in detail under "Risk Factors and Trends
Affecting Diedrich Coffee and its Business" in the Company's annual
report on Form 10-K/A for the fiscal year ended June 29, 2005. For
further information, please contact Stephen V. Coffey, Chief
Executive Officer, at (949) 260-1600. DATASOURCE: Diedrich Coffee,
Inc. CONTACT: Stephen V. Coffey, Chief Executive Officer of
Diedrich Coffee, Inc., +1-949-260-1600 Web site:
http://www.coffeepeople.com/ Web site: http://www.gloriajeans.com/
Web site: http://www.diedrich.com/
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