Industry News | October 19, 2010

Bob Evans’ CFO Resigns

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Chief Financial Officer Tod Spornhauer has decided to resign his position, effective Jan. 3, 2011. Spornhauer joined Bob Evans in 1991 and has held a variety of progressively responsible positions, most recently serving as chief financial officer since September 2009.

"After 19 years with Bob Evans, I've reached the point in my life where I want to do something different," Spornhauer says. "My first career in accounting and finance has been very rewarding and has provided me the opportunity to pursue a second career in teaching where I can give something back, in addition to spending more time with my family. I am grateful for the nearly two decades I've spent at Bob Evans, and I will do whatever I can to ensure an orderly transition as the Company searches for my successor."

"We thank Tod for his dedication and his many contributions during his career at Bob Evans," Chairman and Chief Executive Officer Steve Davis says. "He has made many improvements to the financial reporting and corporate finance functions during his 19 years here, and our balance sheet and overall financial position are solid due in large part to his leadership and talent. We wish him all the best as he embarks upon the next stage of his life."

Bob Evans plans a nationwide search for a new chief financial officer. Until a replacement is found, Richard Green, the company's chief risk and compliance officer, will serve as interim chief financial officer. Green joined Bob Evans in February. He most recently served for three years at Embarq Corporation (now CenturyTel), including two years as chief accounting officer. Green also spent 15 years in various finance roles at Sprint Corporation, worked 12 years in public accounting for Deloitte and Touche, and is a certified public accountant.