Skilled strategist to head Bod Evans: top 75 executive Steven Davis named CEO.Steven A. Davis, a veteran of the food-service industry who made a name for himself as a turnaround expert, was recently named chief executive officer of Bob Evans Farms Inc., a restaurant chain and sausage distribution company based in Columbus, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. . Bob Evans Farms, which is publicly traded, owns and operates nearly 700 restaurants, including Mimi's Cafe--and reported net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of $1.6 billion for its fiscal year ending April 28, 2006. Prior to this appointment, Davis, 48, held a number of management and executive positions for Yum! Brands Yum! Brands, Inc. (NYSE: YUM) or Yum! is a Fortune 500 corporation, that operates or licenses A&W (excluding Canada), KFC, Long John Silver's, Pizza Hut, and Taco Bell restaurants worldwide. Based in Louisville, Kentucky, it is the world's largest quick-service (a.k.a. , starting with the Pizza Hut division in 1993. As president of Long John Silver's and A&W All American Food Restaurants, he re-launched a new menu and positioning strategy that resulted in positive same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. . At Pizza Hut, Davis drove the highest ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). asset performance in the company and also improved sales from 1995 to 1999. Prior to joining Yum!, Davis was with Kraft General Foods for nine years. He was featured in BLACK ENTERPRISE as one of the 75 Most Powerful Blacks in Corporate America. "We are delighted to welcome Steve Davis as Bob Evans' new 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. ," says Robert E.H. Rabold, chairman of the board of Bob Evans Farms. "Throughout his career, he has engineered successful turnarounds in both the packaged goods and restaurant industries." Davis replaces Larry C. Corbin, who served as interim chief executive officer after Stewart Owens resigned last August. |
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