Michael Mendelsohn Appointed Vice President, Finance for IHOP
16 Abril 2008 - 8:00AM
Marketwired
GLENDALE, CA today announced the appointment of Michael
Mendelsohn to the position of vice president, finance. Mendelsohn,
as a member of the IHOP brand executive team, will provide
leadership for the Company's finance function including all
analytical and strategic support for the IHOP business unit as it
seeks to maximize financial performance.
Additionally, Mendelsohn will manage those accounting functions
that have a direct impact on the performance of the business unit.
He also has primary responsibility for ensuring the appropriate
financial and internal controls, along with achievement of the
financial milestones and objectives, for IHOP are met.
"We are excited to have a financial professional of Michael's
caliber join the IHOP brand," said Tom Conforti, IHOP Corp.'s chief
financial officer. "His experience and leadership skills will
enable him to make an immediate contribution to the IHOP business
unit."
Mendelsohn most recently served as chief financial officer and
executive vice president, information technology for Teleflora LLC,
which provides products and services to its network of over 20,000
retail florists. In this role, he was responsible for all financial
and information technology activities including financial analysis,
credit and accounting. Previously, Mendelsohn held vice president
positions for Walt Disney Internet Group, including vice president,
business operations and vice president, finance and planning, where
he was responsible for improving the profitability of Disney's
internet business.
Mendelsohn earned a bachelor of arts in economics from The Johns
Hopkins University, and a masters in business administration from
The University of Chicago Graduate School of Business.
About IHOP Restaurants
Based in Glendale, California, International House of Pancakes
(IHOP) Restaurants is a wholly-owned subsidiary of IHOP Corp.
(NYSE: IHP) which through its subsidiaries franchises and operates
restaurants under the IHOP and Applebee's Neighborhood Grill &
Bar brands. With more than 3,300 restaurants combined, IHOP Corp.
is the largest full-service restaurant company in the world. IHOP
Corp.'s common stock is listed on the NYSE under the symbol "IHP."
For more information on IHOP Corp., visit the Company's Web site
located at www.ihop.com.
Forward-Looking Statements
There are forward-looking statements contained in this news
release. They use such words as "may," "will," "expect," "believe,"
"plan," or other similar terminology, and include statements
regarding the strategic and financial benefits of the acquisition
of Applebee's International, Inc., expectations regarding
integration and cost savings, and other financial guidance. These
statements involve known and unknown risks, uncertainties and other
factors, which may cause the actual results to be materially
different than those expressed or implied in such statements. These
factors include, but are not limited to: the implementation of the
Company's strategic growth plan; the availability of suitable
locations and terms for the sites designated for development; the
ability of franchise developers to fulfill their commitments to
build new restaurants in the numbers and time frames covered by
their development agreements; legislation and government regulation
including the ability to obtain satisfactory regulatory approvals;
risks associated with executing the Company's strategic plan for
Applebee's; risks associated with the Company's incurrence of
significant indebtedness to finance the acquisition; the failure to
realize the synergies and other perceived advantages resulting from
the acquisition; costs and potential litigation associated with the
acquisition; the ability to retain key personnel after the
acquisition; conditions beyond the Company's control such as
weather, natural disasters, disease outbreaks, epidemics or
pandemics impacting the Company's customers or food supplies or
acts of war or terrorism; availability and cost of materials and
labor; cost and availability of capital; competition; continuing
acceptance of the IHOP, International House of Pancakes and
Applebee's brands and concepts by guests and franchisees; the
Company's overall marketing, operational and financial performance;
economic and political conditions; adoption of new, or changes in,
accounting policies and practices; and other factors discussed from
time to time in the Company's news releases, public statements
and/or filings with the Securities and Exchange Commission,
especially the "Risk Factors" sections of Annual and Quarterly
Reports on Forms 10-K and 10-Q, as well as releases, statements and
SEC filings by Applebee's International, Inc. prior to its
acquisition by the Company. Forward-looking information is provided
by IHOP Corp. pursuant to the safe harbor established under the
Private Securities Litigation Reform Act of 1995 and should be
evaluated in the context of these factors. In addition, the Company
disclaims any intent or obligation to update these forward-looking
statements.
Patrick Lenow Director, Communications IHOP Corp.
818-637-3629
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