Industry News | September 15, 2004

AFC Enterprises President and COO Resigns

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AFC Enterprises, Inc. today announced that Dick Holbrook, President and Chief Operating Officer of AFC Enterprises, will be resigning his position, effective at the end of the year 2004, but will continue to serve as a member of the AFC Board of Directors. Holbrook was one of the founding principals of AFC in 1992 and has held his current positions for nearly nine years. During his tenure, Mr. Holbrook has been responsible for the operational performance of all brands in the AFC portfolio and has managed Information Technology, Supply Chain Management and Human Resources. Holbrook also served as interim President of AFC’s former subsidiary, Seattle Coffee Company, and most recently, AFC’s Popeyes Chicken & Biscuits division.

“I have tremendous respect for the AFC team and greatly appreciate the company’s diligent efforts to focus and streamline the business,” says Holbrook. “I plan to remain in place until the end of 2004 to participate in the final stages of the strategic plan.”

At press time, Holbrook’s future plans were not disclosed.