Industry News | August 7, 2001

Checkers Appoints CFO

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Checkers Drive-In Restaurants, Inc. (Nasdaq: CHKR) today announced the appointment of its new Chief Financial Officer, David Koehler. Mr. Koehler brings to Checkers over 17 years of experience in Accounting, Investment Banking, Corporate Finance, and Information Technology. Previously he was Vice President of Finance at Pinnacle Towers, one of the country's five largest wireless telecommunication space providers. While at Pinnacle, he successfully helped raise $550 million in debt and equity facilities and provided oversight to over 115 acquisitions. Having investment banking with Cragie Incorporated and previous Chief Financial Officer experience, Mr. Koehler also brings experience from PriceWaterhouse Coopers and Ernst & Young's audit and consulting practice. Mr. Koehler matriculated from Old Dominion University with three majors: Accounting, Finance and Management Information Systems and is a Certified Public Accountant.

"I am very excited to be joining the entrepreneurial team Dan Dorsch has put together ," Koehler commented. "And [I] am looking to making Checkers one of the top players in the quick service restaurant industry and a consideration for every serious investor in the restaurant industry sector.'' "David brings the financial experience combined with the strategic planning and process engineering skills that will help to complete my team," said Dorsch. "Equally important, David has assured me he fits the work ethic and culture of a hard working corporate manager who is energized by the possibilities of what Checkers Drive-In Restaurants, Inc. can achieve. I have spent a great deal of time with this decision and David fits our future.''

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