Industry News | September 28, 2001

Foley Steps Down as Checkers' Chairman

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Checkers Drive-In Restaurants, Inc. (Nasdaq: CHKR) today announced that Ronald B. Maggard, a Director of the Company since August of 1999, has been elected Chairman of the Board of Directors effective immediately. Mr. William P. Foley, II is stepping down to greater focus his attentions as Chairman of the Board and Chief Executive Officer to operations at Fidelity National Financial, Inc. and its subsidiaries and as Chairman of the Board at CKE Restaurants, Inc. Mr. Foley, Mr. Maggard's predecessor, will continue to serve as a Director of the Company.

In addition to his duties at Checkers, Mr. Maggard is currently President of Maggard Enterprises of Newport Beach, California, which owns and operates 20 franchised Long John Silver's Restaurants and is a Director of Santa Barbara Restaurant Group, Inc.

William Foley, outgoing Chairman of the Board, commented: "Checkers has come a long way since I became Chairman in 1997, the Company has returned itself to profitability and stability through the fine efforts of Dan Dorsch and the managerial team he's put in place. The revitalization of Checkers and Rally's secured, it is now the time for me to shift my personal focus on to other enterprises.''

Ronald Maggard, newly elected Chairman of the Board, commented: "I am looking forward to continuing my work with Dan and the rest of the Checkers and Rally's team and a continuing growth in sales, corporate culture and shareholder value that has taken place since Dan's arrival.''

As of June 18, 2001, Checkers Drive-In Restaurants, Inc. and its franchisees own 421 Checkers (R) operating primarily in the Southeastern United States and 426 Rally's (R) operating primarily in the Midwestern United States. Checkers recently relocated its headquarters from Clearwater, Florida to Tampa, Florida. For more information about the Company, please visit www.checkers.com.