Buffets Holdings Co-Founder Roe Hatlen Named Chief Executive Officer.EAGAN, Minn. -- Buffets Holdings, Inc. ("Buffets" or the "Company"), the parent company of Buffets, Inc., announced today that Roe H. Hatlen, the Company's co-founder and current Vice Chairman of the Board of Directors, has been named Chief Executive Officer. The Company expects that Mr. Hatlen, who has previously served as both Chairman and 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. of Buffets, will lead the Company for approximately one year, at which time a permanent CEO will be named. Mr. Hatlen, 60, replaces Kerry Kerry, county (1991 pop. 121,894), 1,815 sq mi (4,701 sq km), SW Republic of Ireland. The county town is Tralee. Kerry consists of a series of mountainous peninsulas that extend into the Atlantic. A. Kramp, who has left the Company after serving as CEO of Buffets since 2000. Frederick J. Iseman, Chairman of Buffets, said: "On behalf of the Buffets Board of Directors I thank Kerry Kramp for his dedication and contributions to our success during his years with the Company. We wish him the best in the future." "We are very pleased that Roe Hatlen will serve as CEO of Buffets during the coming year. As the company's founding Chairman and CEO for 17 years, Roe has a unique understanding of Buffets' operations, culture and people. We are confident that under Roe's leadership Buffets will continue to achieve operational excellence and provide outstanding dining experiences for our restaurant guests." Mr. Hatlen said: "I am honored hon·or n. 1. High respect, as that shown for special merit; esteem: the honor shown to a Nobel laureate. 2. a. Good name; reputation. b. to once again lead Buffets, which has been a source of great satisfaction for me over the past two decades. I look forward to serving the members of the Buffets family who do such a great job in serving our restaurant guests at our Old Country Buffet Old Country Buffet is a buffet-style, sit-down restaurant chain headquartered in Eagan, Minnesota with locations throughout the United States. Menu Items Old Country Buffet restaurants feature a wide spread of menu items, in the following categories: Its wide selection of food include pizza, hot dogs, hot wings, sliced ham among many others. and Tahoe Joe's restaurants. I also look forward to working with my colleagues on the Buffets Board of Directors and management team to continue growing the Company. A key long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. objective for us is to identify a successor CEO and prepare that person to be a great leader of Buffets in the future." Buffets currently operates 356 restaurants in 34 states comprised of 347 buffet A buffet is a meal serving system where patrons serve themselves. It is a popular method of feeding large numbers of people with minimal staff. The term is also used to describe a sideboard, an antique form of furniture which was sometimes used to offer the dishes of a buffet meal restaurants and nine Tahoe Joe's Famous Steakhouse(R) restaurants. The buffet restaurants are principally operated under the Old Country Buffet(R) or HomeTown Buffet(R) brands. Buffets also franchises 19 buffet restaurants in seven states. |
|
|||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion