Industry News | April 19, 2001

CKE Names CFO

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CKE Restaurants, Inc. (NYSE: CKR) announced today the appointment of Dennis J. Lacey as executive vice president and chief financial officer.

Before joining CKE, Lacey was with Imperial Bancorp for two years, most recently as executive vice president and chief financial officer. Prior to that, he served as president and chief executive officer of Capital Associates, Inc. where he was instrumental in leading a business turnaround which resulted in 21 consecutive quarters of profits for the company. Before that, Lacey was an audit partner at Coopers and Lybrand. Lacey holds a bachelor's degree in finance and accounting from the University of West Florida.

"We feel Dennis is uniquely qualified to serve as our chief financial officer,'' said Andrew F. Puzder, CKE's president and chief executive officer. "His financial expertise, coupled with his CEO and turnaround experience make him ideally suited for the role of CFO at CKE Restaurants, Inc.''

Carl A. Strunk, who served as CKE's chief financial officer for four years, has been named executive vice president, finance to focus primarily on the Company's credit facility, banking relationships and capital restructuring. Mr. Strunk also retains his position as executive vice president-chief financial officer of American National Financial, Inc. (Nasdaq: ANFI) where his role has been expanded.