Popeyes Louisiana Kitchen, Inc. announced that Cheryl Bachelder will be stepping down as CEO at the closing of the company’s previously announced transaction with Restaurant Brands International Inc. A new Popeyes leader will be named by RBI at that time.
Bachelder joined Popeyes in 2006 as a member of the Board of Directors. In November 2007, she was named CEO, and, in concert with the leadership team, has led a remarkable transformation of the company. The brand today is a strong, thriving Louisiana-inspired icon that has become a global presence with nearly 2,700 restaurants in 26 countries, with a deep bench of talent across the company. Importantly, the franchise community has grown and prospered, with top line restaurant sales up 45 percent and bottom line restaurant operating profit more than doubled.
“The Board of Directors and I are deeply grateful to Cheryl for her leadership of this enterprise,” says John Cranor, chairman of the Popeyes Board of Directors. “Cheryl’s collaborative and engaging approach to the business has driven a decade of success for the Popeyes brand and enabled the Company to achieve outstanding results, putting Popeyes at the top of the quick-service restaurant industry. She has been a great mentor to many, and leaves Popeyes strong in this 45th anniversary year.”
“Cheryl created a collaborative culture among franchisees and the Restaurant Support Team. It's been a true partnership that turned out to be the secret to success for Popeyes,” says Howard Mangen, president of the Popeyes International Franchisee Association. “Her leadership approach was a welcome one and led to an exciting and profitable 10 years for the Popeyes Brand.”