Applebee's International Announces Dave Goebel as New CEO; Lloyd Hill Remains Chairman of the Board.OVERLAND PARK Overland Park, city (1990 pop. 111,790), Johnson co., NE Kans., a residential suburb of Kansas City; inc. 1960. There is printing and publishing, and the manufacture of apparel, aircraft parts, cement, prepared foods, salt, chemicals, marine accessories, and signs. , Kan. -- Applebee's International, Inc. (Nasdaq: APPB APPB Array Processor with Pipelined Bus APPB Application Builder ) announced today that its Board of Directors on Friday named Dave Goebel, currently president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. (COO), as the company's new chief executive officer (CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. ). Goebel will assume the reins reins pl.n. The kidneys, loins, or lower back. from current CEO and Chairman of the Board Lloyd Hill. The transition, first announced in January 2006, will be effective September 5. Hill will continue to serve as non-executive chairman of the board. "Dave is the right leader for Applebee's," Hill said. "He brings experience, integrity, strong franchise relations, and a willingness to change and innovate in·no·vate v. in·no·vat·ed, in·no·vat·ing, in·no·vates v.tr. To begin or introduce (something new) for or as if for the first time. v.intr. To begin or introduce something new. with a sense of urgency." Goebel joined Applebee's in February 2001 as senior vice president of franchise operations. He later was promoted to executive vice president of operations, then to chief operating officer and, in January 2005, he was promoted to company president. "This has been the most thoughtfully crafted and best executed succession plan that I've experienced," said Doug Conant, president and CEO of the Campbell Soup Company Campbell Soup Company (NYSE: CPB) (also known as Campbell's) is a well-known American producer of canned soups and related products. Campbell's products are sold in 120 countries around the world. It is headquartered in Camden, New Jersey. , Applebee's International board member and chairman of Applebee's compensation committee. "Lloyd and Dave have worked closely together for many months now to bring about a seamless transition as the company continues to execute its 2006 and 2007 strategic plans." Hill joined Applebee's as chief operating officer in January 1994 and was named president in December 1994. He became co-chief executive officer in January 1997; chief executive officer in January 1998; and was elected chairman of the board in May 2000. Hill first began serving on the Applebee's board as an independent member in 1989 and has remained a board member since joining the company. Under Hill's leadership, Applebee's has grown into the largest casual dining concept in the world, with nearly 1,900 restaurants in 49 states and 16 countries. Hill was named by Institutional Investor Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. magazine as one of America's Best CEO's in 2005, and in 2006 the magazine named Applebee's International as the "Most Shareholder Friendly Company" in the restaurant sector. Hill was also named 2005 Operator of the Year by the operators-readers of Nation's Restaurant News. Applebee's International, Inc., headquartered in Overland Park, Kan., develops franchises and operates restaurants under the Applebee's Neighborhood Grill & Bar brand, the largest casual dining concept in the world. Currently, there are 1,880 Applebee's restaurants operating worldwide in 49 states and 16 international countries. Additional information on Applebee's International can be found at www.applebees.com. |
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