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"Jim's financial and business expertise as well as his significant background in the quick service industry adds tremendous strength to our senior management team," said Fred Exum, president and chief executive officer, The Krystal Company. "This is an exciting time for The Krystal Company as we continue to enjoy robust sales systemwide and expand into new markets through franchising exclusive multi-unit territories. We very much look forward to Jim's proven financial expertise and strategic contributions."
Bear brings more than 35 years of financial, accounting and senior management experience to The Krystal Company. Bear most recently served as senior vice president and chief financial officer for The Steak n Shake Company, where he was instrumental in the publicly traded company's growth from 100 locations to more than 400 locations. Bear's responsibilities during his more than 25 years with Steak n Shake included finance and planning, accounting and information technology, administration, investor relations, purchasing and distribution, and construction.
"I'm excited about joining the Krystal team," shared Bear. "I look forward to playing a strategic role in a company steeped in tradition and history and well positioned for future growth."