WorldWide Papa’s, Plc.
WORLDWIDE PAPA’S ANNOUNCES NEW EXECUTIVE TEAM MEMBER
WorldWide Papa’s Plc / Key word(s): Change of Personnel
Contact: Gary Hamilton
Corporate Press Release
WORLDWIDE PAPA'S ANNOUNCES NEW EXECUTIVE TEAM MEMBER Mr. Kendall, who has done business in Russia since 1994, has broad-based financial experience and joins WorldWide Papa's from Yum! Brands (NYSE: YUM), the world's largest restaurant company. While at Yum! Mr. Kendall was the company's in-country representative during its acquisition of the Rostik's-KFC chain in 2010 from Rosinter Restaurants Holding (RTS: ROST), Russia's largest restaurant company. During that period, Mr. Kendall led the financial planning function of the business unit and served as the Interim Controller of this 150+ restaurant chain during the critical post-acquisition integration period. While in Russia, he worked with internal accounting staff, Rosinter, and Ernst & Young to complete a review of Rostik's financial results prior to deal close which determined the valuation. Post acquisition, he developed and implemented the division's new authorization policy and procedures covering all business contracts and Rostik's tender process. Prior to joining Yum!, Mr. Kendall spent 14 years at companies such as Fisher Scientific and FMC corporations in roles of increasing responsibility, including Director of Finance and Controller. He is fluent in Russian and is a native of the Ukraine. 'We are extremely fortunate to bring an executive with Steve's depth of financial experience and international business expertise to our senior executive team,' said Darrin J. Stock, Founder and Chief Executive Officer of Worldwide Papa's. 'Steve is as passionate about growing the business as our operations team in Russia. In Steve we have found someone who is not only fluent in Russian and knowledgeable of local cultures, but also someone with a proven track record in finance and international business within the Russian restaurant industry.' Mr. Kendall said, 'I am thrilled to join the management team at WorldWide Papa's on the cusp of this exciting, rapid growth period for the company. With my extensive background in the Russian market and with a rapidly growing St. Petersburg economy, I am confident that the proven premium Papa John's brand will make 2012 another breakthrough year for the company.' Mr. Kendall holds a bachelor's degree in International Relations from Northwestern University and a master's degree in business administration from Duke University's Fuqua School of Business.
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