Papa Murphy’s Holdings, Inc. Announces Senior Management Change
January 05 2017 - 4:05PM
Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) today announced that,
effective immediately, Chair of the Board, Jean Birch, has been
appointed interim Chief Executive Officer.
This appointment follows the resignation of Ken Calwell as Chief
Executive Officer and director of the Company, in order to pursue
other interests. The Board has initiated a search to identify
a permanent Chief Executive Officer and will consider both internal
and external candidates, and continues to search for a director to
fill the seat vacated by John Barr last September.
Ms. Birch has served as Chair of the Board since September 2016
and as a member of the Board since April 2015. Ms. Birch has
over 26 years of restaurant leadership experience, previously
serving as President of IHOP Restaurants, Inc., President of
Romano’s Macaroni Grill, and President of Corner Bakery Café.
She also held executive leadership roles within YUM! Brands,
including Vice President, Operations for Taco Bell, Inc. and Senior
Director, Concept Development for Pizza Hut, Inc. The Board
is fully confident in Ms. Birch’s ability to successfully lead Papa
Murphy’s outstanding management team and to oversee the Company’s
ongoing strategic initiatives until a permanent Chief Executive
Officer is appointed. Ms. Birch stated, “While the general
climate in the quarter continued to be challenging, we believe we
are at a key inflection point at Papa Murphy’s, having successfully
laid the groundwork for many of our long term strategic
initiatives. We look forward to seeing the results of
these initiatives in 2017 and for years to come.”
Ms. Birch continued, “We appreciate the many years of leadership
and service that Ken has provided to Papa Murphy’s. His
efforts have positioned us well for the future and we wish him all
the best as he begins the next chapter in his
career.”
Mr. Calwell added, "I am thankful for the opportunity to have
worked side by side with the family of team members, franchise
owners, and vendors that make Papa Murphy’s so special. It
has been an honor being part of this great brand and team."
About Papa Murphy's
Papa Murphy's Holdings, Inc. (NASDAQ:FRSH) is a franchisor and
operator of the largest Take ‘n’ Bake pizza brand in the United
States, selling fresh, hand-crafted pizzas ready for customers to
bake at home. The company was founded in 1981 and currently
operates more than 1,575 franchised and corporate-owned fresh pizza
stores in 38 States, Canada and United Arab Emirates. Papa Murphy's
core purpose is to bring all families together through food people
love with a goal to create fun, convenient and fulfilling family
dinners. In addition to scratch-made pizzas, the company offers a
growing menu of grab 'n' go items, including salads, sides and
desserts. Order online today at www.papamurphys.com.
Investor Contact:
Fitzhugh Taylor or Alexis Tessier, ICR
fitzhugh.taylor@icrinc.com
877-747-7272
Media Contact:
Christine Beggan, ICR
Christine.Beggan@icrinc.com
203-682-8329
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