Burger King Names John Chidsey Chairman/CEO

  • May 28, 2008
Currently the company's CEO, he takes on the new title on July 1.

Also, three members of the company's board of directors, who represent TPG Capital, Bain Capital Partners and the Goldman Sachs Funds (which together own 32% of BK), will resign.

Effective June 30, David Bonderman of TPG Capital, Andrew Balson of Bain Capital Partners, and Adrian Jones of the Goldman Sachs Funds will leave the Board. Brian Swette, the company's non-executive chairman, has also resigned his position as chairman effective June 30 and will continue to serve as a director on the company's board.

Effective July 1, there will be 10 directors on the company's board.

--Karl Greenberg

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