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Whataburger is positioning itself for the long run

[19459003 Whataburger is positioned for the long run

BDT Capital Companions will be part of the Whataburger management crew to develop the model

 Whataburger is positioned for the long run "width =" 200 "peak =" 200 "/> San Antonio, TX (<span class= 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.

 Whataburger is positioned for the long run "width =" 722 "peak =" 563 "/> </a> </p>
<p> <strong> A brand new partnership positions the model for long-term progress </strong> </p>
<p> "Whataburger's developed significantly over time. And, with a view to proceed to fulfill our prospects, we explored completely different choices to develop the model and introduce it to new audiences. We adopted this course of with willpower and diligence as a result of we wished to discover a accomplice that respects our values, our tradition and our 69 years of household custom, "stated Whataburger President / CEO Preston Atkinson. </p>
<p> "The partnership with BDT excites us as a result of they respect and admire the model now we have created," continued Atkinson. "They need to protect it whereas serving to us to proceed to develop a sustainable and aggressive enterprise over a protracted interval. They don’t plan to alter our recipe for achievement. "</p>
<p> BDT will play a key function in offering long-term strategic imaginative and prescient and long-term progress capital to Whataburger's confirmed management crew. </p>
<p> "Whataburger is an iconic model and an incredible firm with a powerful heritage: a household, loyal prospects, invaluable neighborhood involvement, devoted and gifted workers, and a extremely skilled administration crew," stated Tiffany Hagge. Managing Director of BDT Capital Companions. . "We stay up for forming a long-term partnership with the Whataburger crew and persevering with their dedication to serving prime quality, tasty meals at the very best value and delivering a superior buyer expertise." We’re happy to help Whataburger in its efforts to innovate and proceed its accelerated progress in current and new markets. This funding is an ideal instance of BDT's enterprise mannequin of constructing partnerships and investing alongside excellent household companies with robust cultures, deep neighborhood connections and constant prospects. "</p>
<p> Morgan Stanley and Ernst & Younger (EY) acted as transaction advisers and Jackson Walker as Whataburger's authorized advisers. Norton Rose Fulbright acted as authorized counsel to BDT Capital Companions. Morgan Stanley Senior Funding, Inc. will present dedicated funding to help the transaction. The closing of the transaction is predicted later this summer season and is topic to the standard regulatory and different circumstances. Further phrases haven’t been disclosed. </p>
<p> <strong> The Principal Members of the Whataburger Management Crew on the Bar </strong> </p>
<p> Preston Atkinson, President and CEO of Whataburger, and Tom Dobson, Chairman of the Board, additionally raised a number of firm executives. Whataburger's administration crew has over 150 years of cumulative expertise in selling the Whataburger model and, for that reason, all the nominated positions have been inner promotions. </p>
<p> "Because the model launched into a plan for progress and growth, we determined it was time to advertise new management to advance the corporate," Atkinson stated. "This management crew has the precise mixture of Whataburger core values, strategic imaginative and prescient and people-centered management to information us into the long run." </p>
<p> Efficient July 1, Whataburger's administration crew will embrace: </p>
<p><a href=  Whataburger is positioned for the long run "width =" 250 "peak =" 300 "/> </a> Ed Nelson </p>
<p> <strong> Ed Nelson, at the moment Chief Monetary Officer and Controller, can be promoted president. </strong> </p>
<p> Nelson joined Whataburger in 2004 as controller of the corporate. Since 2008, Nelson has headed Whataburger's Finance Division as Chief Monetary Officer, overseeing all monetary, accounting, treasury and threat administration operations and reporting operations for 828 eating places in 10 states. He holds a bachelor's and grasp's diploma from Clemson College. </p>
<p><a href=  Whataburger is positioned for the long run "width =" 250 "peak =" 300 "/> </a> Leonard Mazzocco </p>
<p> <strong> Leonard Mazzocco, at the moment Vice President of Industrial Operations, will tackle the function of Senior Vice President and Chief Working Officer. </strong> </p>
<p> Mazzocco joined Whataburger in 1999 as Director of Operational Providers. Since then, he has guided efforts in model administration, advertising and marketing, human sources, provide chain, shared providers and product growth. He was promoted to his present place in 2014, the place he led strategic planning. Mazzocco is a graduate of Creighton College. </p>
<p><a href=  Whataburger is positioned for the long run "width =" 250 "peak =" 300 "/> </a> Rob Rodriguez </p>
<p> <strong> Rob Rodriguez, at the moment Govt Vice President of Eating places, will assume the function of Senior Vice President and Chief Working Officer of the Restaurant. </strong> </p>
<p> Rodriguez is a veteran of the restaurant business for 30 years. He’s an skilled multi-unit chief who is thought for his excellent customer support. Beneath his management, his groups efficiently examined new fashions utilized in idea revitalization, opened up and expanded new foodservice markets and exceeded gross sales forecasts. Rodriguez joined Whataburger in 2006 as Director of Operations and was appointed Govt Vice President in 2014. </p>
<p><a href=  Whataburger is positioned for the long run "width =" 250 "peak =" 300 "/> </a> James Turcotte </p>
<p> <strong> James Turcotte, at the moment Govt Vice President Actual Property , will proceed in workplace and is promoted to the place of Director of Growth. </strong> </p>
<p> Turcotte started his profession at Whataburger in 1998 as director of the actual property division. He then assumed the function of Group Director adopted by Vice President of Franchise Growth. In 2004, Turcotte was appointed Vice President, Actual Property and Services, to supervise the brand new development, growth and property administration capabilities. Turcotte is a graduate of Texas A & M College. </p>
<p><a href=  Whataburger is positioned for the long run "width =" 250 "peak =" 300 "/> </a> Mike Sobel </p>
<p> <strong> Mike Sobel, at the moment vp of retail , can be promoted senior vp of retail commerce. </strong> </p>
<p> Sobel joined Whataburger in 2011 as group director for provide chain options, earlier than assuming his present duties in 2014. Sobel has almost 35 years of expertise in provide chain, high quality assurance and product growth within the catering sector. </p>
<p><a href=  Whataburger is positioned for the long run "width =" 250 "peak =" 300 "/> </a> Michael Gibbs </p>
<p> <strong> Michael Gibbs, at the moment Govt Vice President and Basic Counsel , will proceed his function as Basic Counsel and can be promoted to Govt Vice-President. </strong> </p>
<p> Gibbs joined Whataburger in 2005 as the corporate's first common board. Earlier than becoming a member of Whataburger, he practiced company regulation and was vp and common counsel of a Detroit-based chain of eating places. He holds a BA in Biology and Economics from Ripon School, an MBA from Emory College, and a regulation diploma from Wayne State College. </p>
<p> <strong> The opposite members of Whataburger's extremely directed management crew are: </strong> </p>
<p>Mark Brown, Divisional Vice President, Restoration Operations<br />
Pam Cox, Vice President of Human Sources and Model Communications<br />
Joel Griffiths, Group Vice President, Restoration Operations<br />
Sylvester Johnson, Chief Accountant<br />
Jeff North, Divisional Vice President, Restaurant Section Help<br />
Bobby Pemelton, Divisional Vice President, Restoration Operations<br />
Wealthy Scheffler, Vice President, Advertising and marketing and Innovation<br />
Joe Shannon, Vice President and Chief Info Officer<br />
Rory Sheppard, Vice President, Technique and Providers</p>
<p> Atkinson and Dobson will sit on the Whataburger Board of Administrators to supply ongoing recommendation and guarantee a clean transition. </p>
<p> The Dobsons have constructed greater than a burger chain. Whataburger is a spot the place 43,000 workers, referred to as members of the family, and hundreds of thousands of consumers really feel at house. It’s a model constructed on delight, care and love. It's a spot individuals depend on of their communities. </p>
<p> This realignment will enable Atkinson and Dobson to drag out and concentrate on the operation of Las Aguilas, a diversified funding firm created by the Dobson household in 2011 and centered on the enterprise. actual property and philanthropy. </p>
<p> Though this determination was troublesome and emotional for the household, Tom, Lynne and Hugh Dobson imagine that BDT Capital is the perfect accomplice to make Whataburger a future. </p>
<p> "It's each thrilling and bittersweet for the Dobson household. Whataburger has been on the coronary heart of our household legacy for almost 70 years, however we’re actually excited in regards to the partnership with BDT, "stated Tom Dobson. "They’ve a observe document of success with corporations as particular as ours that need to develop, whereas preserving tradition and household historical past. They’re trusted advisors and companions who’ve labored intently with different household companies and have a wonderful repute for doing the precise factor. "</p>
<p> "Most of all, we’re very grateful to our 43,000 members of the Whataburger household who work in our eating places 24 hours a day, 7 days every week," Dobson continued. "And to our Whataburger followers: you’re a part of our household. And as we develop, we all know that our Whataburger crew will proceed to make you proud. "</p>
<p> <a href=  Whataburger is positioned for the long run "width =" 722 "peak =" 481 "/> </a> </p>
<p> <strong> About Whataburger </strong> </p>
<p> Whataburger focuses on its contemporary, customized burgers and pleasant customer support since Harmon Dobson opened the primary Whataburger as a small roadside burger stand in Corpus Christi, Texas. Dobson gave his restaurant a reputation he hoped to listen to from prospects each time they ate his hamburgers on the command: "What a burger!" In the course of the first week, individuals lined up round his block for its 25 cents, 100 p.c beef burgers served on five-inch rolls. Right now, the corporate is headquartered in San Antonio, Texas, with 828 websites in 10 states and gross sales of greater than $ 2 billion a yr. </p>
<p> Uncover the corporate on Fb, Twitter, Instagram, LinkedIn and Snapchat. Keep up-to-date on the newest Whataburger information on our digital newsroom and be sure to customise what you need by ordering Whataburger on-line at Whataburger.com or utilizing our cell app obtainable on the App Retailer or Google Play. . </p>
<p> <strong> In regards to the companions of BDT Capital </strong> </p>
<p> BDT Capital Companions supplies household companies and their founders with long-term differentiated capital. The corporate has raised greater than $ 15 billion in all of its funding funds and has created and managed an extra $ four.7 billion in co-investments from its sponsor investor base. world. The affiliate, BDT & Firm, is a service provider financial institution that works with household companies and is led by founders to realize their strategic and monetary objectives. BDT & Firm supplies solutions-based recommendation and entry to a world-class community of enterprise house owners and executives. </p>
<p> <strong> Contacts with the media: </strong> <br /> Whataburger <br /> Jenny Gregorcyk <br /> 512-344-2037 <br /> jenny@apronfoodpr.com </p>
<p> BDT Capital Companions <br /> Jennifer Dunne <br /> 312-660-7314 <br /> JDunne@bdtcap.com  </p>
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