BDT Capital Companions will be part of the Whataburger management crew to develop the model
RestaurantNews.com ) Whataburger introduced that BDT Capital Companions, LLC, a enterprise financial institution that advises and invests in household companies and led by founders, has agreed to accumulate, by means of its affiliated funds, a majority stake in Whataburger.
Collectively, the BDT and Whataburger crew will start exploring growth plans, whereas remaining true to the model for 69 years.
The corporate additionally introduced a realignment of inner management geared toward positioning the model for long-term progress and success. The corporate has named a number of new inner promotions, together with a president, a chief working officer and a restaurant operations supervisor.
Whataburger's headquarters will stay in San Antonio.
BDT Capital Companions will accomplice with the Whataburger management crew to develop the model.
BDT Capital Companions, a family-owned and operated enterprise financial institution, has agreed, by means of its affiliated funds, to accumulate a controlling curiosity in Whataburger.
The corporate will retain its headquarters in San Antonio and can be led by a crew of key executives from Whataburger with over 150 years of mixed expertise with the model.
Whataburger's robust dedication to its prospects and communities is not going to falter; the corporate will stay devoted to creating a big affect on their native communities.
Whataburger President and CEO Preston Atkinson and Board Chair Tom Dobson will proceed to serve on the corporate's board of administrators and retire from the day-to-day operations of the corporate. Ed Nelson will change into president and a number of other everlasting leaders on the senior administration crew.
The Dobson household, which based the corporate, will maintain a minority stake.