Applebee's International Announces Executive Team Addition, CEO Succession Plan.Business Editors 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.--(BUSINESS WIRE)--Jan. 17, 2001 Applebee's International, Inc. (Nasdaq:APPB APPB Array Processor with Pipelined Bus APPB Application Builder ) today announced the addition of a new senior executive to oversee franchise operations and, as part of its succession plan, the commencement of a search for a 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. . David L. Goebel will join the company in February as senior vice president of franchise operations and will become a member of the company's senior executive team. Mr. Goebel will have responsibility for the company's domestic franchise operations, including nearly 1,000 franchise restaurants operating nationwide. Mr. Goebel has nearly 30 years of business management experience, including 18 years in the restaurant industry, encompassing management and executive positions with a number of casual dining concepts. He was also a franchise principal with one of the early area developer groups of the Boston Market Boston Market (known before 1995 as Boston Chicken), headquartered in Golden, Colorado, is a chain of American fast-food restaurants. Founded in December 1985 in Newton, Massachusetts, the chain grew rapidly in the early and mid-1990s, filed bankruptcy in the late 1990s, and concept. Mr. Goebel's business experience also includes positions as an operations executive and head of business development for Thorn America, operator of Rent-a-Center. Most recently, Mr. Goebel was president of a management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects company specializing in strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. and executive development and in that role has provided franchise consulting Franchise consulting, a specialized category of professional assistance for investors, entrepreneurs, and enterprises, is a field which has arisen from the increased popularity and profitability of franchising. services to Applebee's International in the past. Lloyd Hill, chairman and chief executive officer, said, "We are excited about the addition of Dave Goebel to the leadership team of Applebee's. Dave has a proven track record in restaurant operations and developing strong business relationships. His addition to our team will allow us to continue to build on our formidable franchise partnerships. Our franchisees have been key to the unparalleled growth and success of the Applebee's brand with franchise units representing over 75% of the system." In addition, as part of the company's strategic succession planning Management Succession Planning In organizational development, succession planning is the process of identifying and preparing suitable employees through mentoring, training and job rotation, to replace key players — such as the chief executive officer (CEO) — process, a nationwide search has commenced to fill the new position of chief operating officer, who is expected to ultimately be the successor to Mr. Hill. The management team reporting directly to Lloyd Hill will be comprised of Julia Stewart, president of Applebee's domestic division; George Shadid, chief financial officer; Steve Lumpkin, chief development officer; Lou Kaucic, chief people officer; Larry Cates n. pl. 1. Provisions; food; viands; especially, luxurious food; delicacies; dainties. Cates for which Apicius could not pay. - Shurchill. Choicest cates and the fiagon's best spilth. - R. Browning. , president of the international division; David Goebel, the new senior vice president of franchise operations; and the new chief operating officer position. Applebee's International, Inc., headquartered in Overland Park, Kan., currently develops, franchises and operates restaurants under the Applebee's Neighborhood Grill and Bar brand, the largest casual dining concept in the world. There are currently 1,288 Applebee's restaurants operating system-wide in 49 states and eight international countries. Additional information on Applebee's International can be found at the company's website (www.applebees.com). |
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