Industry News | July 2, 2004

Blum Out at Burger King

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It's official: Burger King is looking for its 10th chief exec in 15 years.

The number-two burger chain announced today that CEO Brad Blum has left the company, citing "strategic differences with the Board." In a statement, the Board of Directors thanked Blum for his efforts and noted that a number of milestones had been achieved under his leadership to build the foundation for a strong turnaround.

Mr. Blum said, "While there remains much work to be done, good progress is being achieved and the team is committed to accelerating this growth. I have enjoyed my relationship with the company's many employees and franchisees and wish to thank them for their support in building the Burger King brand."

The Board said that the Burger King senior management team would continue to oversee the business. BK hopes to make a decision on a new CEO by August 1.