IHOP Corp. Appoints Mike Archer President of Applebee's International
07 Maio 2008 - 7:13PM
Marketwired
GLENDALE, CA ("the Company") today announced the appointment of
Michael J. Archer to the position of president of Applebee's
International, Inc., effective May 27, 2008. In this position,
Archer will be accountable for leading the overall strategic
direction for all functional areas of Applebee's Neighborhood Grill
and Bar. He will be primarily responsible for executing the vision
and future brand evolution for the organization, driving excellence
within all functional disciplines, leading an effective and aligned
leadership team, forging strong franchise relationships, and
developing tactical and strategic plans to improve results in all
areas of the business. Archer will be based out of Applebee's
Restaurant Support Center in Lenexa, Kansas.
Julia A. Stewart, IHOP Corp.'s chairman and chief executive
officer, said, "We are pleased to welcome Mike to the Applebee's
team. He possesses a keen understanding of the restaurant industry,
particularly the grill and bar category that Applebee's competes
in, and is a motivational, hands-on leader ideally suited to the
needs of our organization. Mike will report directly to me, and I
look forward to partnering with him as we work collaboratively with
our franchisees to re-energize the Applebee's brand, improve the
operational performance of our company-operated and franchise
restaurants, and continue the transformation of our business model.
I will remain actively involved in defining the company's strategic
direction and implementing key initiatives to drive our marketing
efforts and improve our operational execution."
Archer commented, "Applebee's is one of the most respected
casual dining concepts in the restaurant industry and I am looking
forward to working closely with associates and franchisees as we
revitalize this great brand."
Archer most recently served as president and chief operating
officer of T.G.I. Friday's U.S.A., a subsidiary of Carlson
Restaurants Worldwide Inc, where he was accountable for T.G.I.
Friday's USA brand strategy including operations, marketing,
research and development, strategic sourcing, franchise operations,
public relations and human resources. During his tenure, Archer and
his team lead the successful turnaround of the T.G.I. Friday's
brand, including reversing a five-year decline of comparable store
sales and guest counts, improving restaurant operating profit, and
improving the guest experience measure to an all-time high.
Previously, Archer was president and chief executive officer of
Z'Tejas Southwestern Grill where he repositioned the concept,
developed new brand positioning, led new restaurant expansion, and
established new service and operational standards, among other
accomplishments. Prior to that, he held the position of chief
operating officer of Sullivan's and Del Frisco's where he was
responsible for developing the Sullivan's Steakhouse concept for
Lone Star Steakhouse and Saloon. Archer also served at Morton's
Restaurant Group, Inc. as president and chief operating officer of
Morton's of Chicago, Inc. where he led the growth of this premiere
steakhouse concept. Throughout his thirteen-year career with
Morton's, he also held the position of chief financial officer
during which time he successfully negotiated two leveraged
buyouts.
Archer is known as one of the most effective operators and
executives in the restaurant industry, reflected in the numerous
awards and recognitions he has received throughout his twenty-five
year restaurant career. Honors include being recognized as one of
Restaurant Hospitality's "Rising Stars"; being named as one of the
"Power 50 ~ The Next Generation" by Nation's Restaurant News; and
being awarded the "High Impact Restaurant Leadership Awards ~
Upscale Dining" by Restaurant Business, among other
accomplishments. Dedicated to ensuring the development of others in
the industry, Archer has been active with the MultiCultural
Foodservice and Hospitality Alliance and the Women's Foodservice
Forum (WFF) where he serves on the Board of Directors and Executive
Committee.
Archer received his BBA in accounting from St. Norbert College
in DePere, Wisconsin.
About IHOP Corp.
Based in Glendale, California, IHOP Corp. franchises and
operates restaurants under the International House of Pancakes, or
IHOP, and the 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 Investor Relations section of
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 of Applebee's;
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. 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.
Stacy Roughan Director, Investor Relations IHOP Corp.
818-637-3632
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