Meritage Appoints Chief Financial Officer
GRAND RAPIDS, Mich., April 11 /PRNewswire-FirstCall/ -- Meritage Hospitality
Group Inc. (AMEX:MHG), the nation's only publicly traded Wendy's franchisee and
the nation's first O'Charley's franchisee, today announced the appointment of
Gary A. Rose as Vice President, Chief Financial Officer and Treasurer, to be
effective as of April 14, 2005. Mr. Rose will be responsible for the Company's
finance, accounting and treasury functions.
Meritage's Chief Executive Officer, Robert E. Schermer, Jr., stated, "We are
very pleased to have Gary join our executive management team. Gary is a CPA
and experienced senior accounting executive who brings broad-based financial
experience from real estate, manufacturing and retail operations. His
background and experience will play a critical role in the continued
development and growth of our multi-unit restaurant business." Prior to
joining Meritage, Rose held a variety of positions including six years in
public company accounting with the Deloitte & Touche accounting firm, nine
years as Corporate Controller of a $230 million manufacturing company owned by
the Wall Street equity firm Kohlberg Kravis Roberts & Co., four years as Vice
President and CFO of Consolidated Vendors, a multi-state owner and operator of
vending machines, and most recently with a commercial real estate development
firm in Grand Rapids, Michigan.
Meritage is one of the nation's premier franchise operators. The Company is
the only publicly traded Wendy's franchisee, operating 48 "Wendy's Old
Fashioned Hamburgers" restaurants throughout Western and Southern Michigan and
serving more than nine million customers annually. Meritage has been one of
the fastest growing Wendy's franchisees within the Wendy's franchise system
over the past five years. Meritage is also the nation's first and only
publicly traded O'Charley's franchisee, currently operating two stores in
Michigan, wherein it holds the exclusive right to develop O'Charley's
restaurants. DATASOURCE: Meritage Hospitality Group Inc.
CONTACT: Robert E. Schermer, Jr. of Meritage Hospitality Group Inc., +1-616-776-2600 Web site: http://www.meritagehospitality.com/
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