06.07.2010 12:58:00
|
Brazil Fast Food Announces Results of Annual General Meeting of Shareholders, Declares Dividend
Brazil Fast Food Corp. (OTC Bulletin Board: BOBS.OB) ("Brazil Fast Food”, or the "Company”) the second largest restaurant chain with 737 points of sale, operating in Brazil under the Bob’s brand, KFC and Pizza Hut São Paulo as franchisee of Yum! Brands, and Doggis as franchisee of GED, today announced the results of its 2010 annual general meeting of shareholders held on Tuesday, June 29, 2010 at Brazil Fast Food’s corporate headquarter located in Rio de Janeiro, Brazil.
At the meeting, the proposal for the election of seven directors to serve until the annual meeting of shareholders in 2011, as set out in Brazil Fast Food’s definitive Proxy Statement, was approved. Specifically, Guillermo Hector Pisano, Gustavo Villela Filho, Lucio Montanini, Marcos Gouvêia de Souza, Alexandre F. Nunes and Marcos Rocha were reappointed, and Gilberto Tomazoni was newly appointed to the Company’s Board of Directors.
At a Board of Directors meeting following the annual general meeting Mr. Pisano was reelected to serve as Chairman of the Board and Mr. Villela was reappointed as Secretary. The Board has also maintained the composition of its standing audit and compensation committees. As a result, Mr. Montanini, Mr. Rocha and Mr. Pisano will serve on the Company’s Audit Committee, and Mr. Villela, Mr. Gouvêa and Mr. Pisano will serve on the Company’s Compensation Committee.
In addition, the Board of Directors declared an extraordinary dividend of $0.25 per share to be paid on July 31, 2010 to shareholders of record as of May 20, 2010.
"We are pleased to announce the election of a new member and the reelection of six members to our seven members Board of Directors,” stated Ricardo Bomeny, Brazil Fast Food’s Chief Executive Officer. "Our Board members have deep experience in the critical areas of expertise necessary to manage our business, and I look forward to working with them.”
Brazil Fast Food’s Board of Directors has seven members.
Guillermo Hector Pisano has served as a director since 2002 and is currently Chairman of the Board. Mr. Pisano was Vice President of UAP do Brasil, the French Insurance Company’s Brazilian Agency, from 1988 to 1996, Chief Financial Officer of RACIMEC, a Brazilian Industrial Computer society, from 1983 to 1988, and Chief Executive Officer of CGA do Brasil, an Automatism French Manufacturer, from 1978 to 1982. Mr. Pisano also held a variety of positions from 1965 to 1978 with Thomson CSF, which is a French communications and radar manufacturer, in Argentina and in Brazil where he was the Chief Financial Officer. Mr. Pisano is an Electronic Engineer and he has a degree from the National University of Buenos Aires, and he also holds a degree in Administration and Financial Management from Thomson CSF School of Business with further specialization in Industrial and Institutional Organization.
Gustavo Alberto Villela Filho has served as director since 2007. Mr. Villela Filho is an associate of Villela e Kraemer Advogados, a Brazilian law firm. From 1978 to 1982, he held a variety of positions with COBEC — a Brazilian trading company, controlled by Banco do Brasil S.A., including serving as Chief Operational Officer and Chief Officer of Raw Materials and Manufactured Products. Mr. Villela Filho received a Bachelor degree in Law from the Rio de Janeiro State University, a Master degree in Comparative Law from the Illinois University, and a degree in Business Law from CEPED — Center of Studies and Research in Law Teaching from a group of institutions formed by UEG, USAID, Fundacao Ford, and Fundacao Getulio Vargas.
Lucio Montanini is an independent consultant of the Audit Committee of the Company. As a consultant he has been working since 2007 as a counsel of the Committee giving his long experienced opinion on fiscal matters and coporate structures. He is 51 years old. He is an Accountant from Tabajara University, São Paulo, Brazil, and has an MBA in Audit Controlling. He worked from 1978 to 2002 in the audit cabinet of Arthur Andersen where he became an associate in 1998. From 2002 to 2007 he was an associate in Deloitte Touch Tohmatsu. In 2007 he established as an independent consultant creating MCE — Montanini Consultoria Empresarial Ltda., specialized in fiscal and corporate structure areas. He is also an associate in DiCasa Artigos e Design, a commercial company devoted to house and offices equipments, and in PC Services Informática Ltda, a TI service company.
Marcos Gouvêa de Souza is Associate Manager of GS&D, a Brazilian consulting company specialized in retail markets and consumers’ means and habits. For 18 years, he was an officer of several companies including Lojas Arapuâ, Sears and Dillard’s. For eight years he has been a professor in the ESPM (Superior School of Publicity and Marketing) and in the Fundação Getulio Vargas São Paulo, School of Business Administration. Marcos Gouvêa is the author of several books, studies and publications on retail markets, franchise administration and brands, economic and marketing scenarios having awarded several prizes and distinctions as the "Jabuti Award” in 1994 and the Caboré Marketing Prize in 1988. Mr. de Souza has a degree from the São Paulo Business School (Getulio Vargas University) and from the ESPM and an MBA in business administration from FGV University. He was also a member of the board in different Braziian associations, among others, the Brazilian Franchise Association, the Retail development Institute of São Paulo and the Ebeltoft Group.
Alexandre F. Nunes is a Partner and Co-Founder of DealMaker, a consulting company. He is formerly an Executive VP of Bematech S/A (Interim Management), an Executive VP of Dominio Ltda, an internet-based company, and a New Business Director at Brasil Telecom. Mr. Nunes worked for nine years in various positions at Shell Brasil, including New Business National Manager, and was Professor of Business Development Management of BBS (Brazilian Business School). Mr. Nunes holds a degree in Electrical Engineering from Universidade Federal de Uberlândia, a Masters in Electronic Engineering and Telecommunications from ITA and an MBA from Ibmec Business School.
Marcos Rocha is the Financial, Investor Relations and Information Technology Officer of the Group GLOBEX UTILIDADES (Ponto Frio), the second major retail Braziian company specialized in household electric and electronic appliances. He is also a member of the Board of the Investcred Unibanco S.A., an investment institution, an of several other retail companies. In the past Mr. Rocha occupied several financial positions as officer in Shell Brasil, Cyanamid Química do Brasil, Brazil Fast Food Corp, Sony Music Entertainment, Global Telecom, Horizon Telecom International and Sendas (one of the major Brazilian supermarkets). Mr. Rocha has a degree of electronic engineer from the IME (Militar School of Engineers) an MBA in business administration and an MBA in Business Mnagement from the SDE/IBEMEC. Marcos Rocha is a member of the NGO "Operação Sorriso do Brasil”, a member of the IBEF (Brazilian Institute of Financial Officers), and a member of the American Chamber of Commerce of Rio de Janeiro.
Gilberto Tomazoni, has been invited to cooperate as a special member in the Brazil Fast Food Corp. Board starting in October 2009, and is now elected as a new member of the Board or Directors. Mr. Tomazoni has developed a long and outstanding professional career in SADIA, one of the most important companies in the Brazilian food market. Beginning in 1983 as a design engineer he became Sadia’s CEO from 2005 to 2009. In 2009 he joined the Bunge Group, another important international company in the agribusiness and food market, as Foods & Ingredients Vice President. Tomazoni is a Mechanical Engineer from the Federal University of Santa Catarina and he has a degree in Management Development from the West University of SC. He participated in several courses in Braziian institutions and e Total Quality Management courses in Japan. He is and has been a member of the board of different companies including Excelsior Alimentos (Chairman), KS (a joint venture between Kraft and Sadia), Concórdia Russia (joint venture with Miratory creating a new plant in Kaliningrado), Sadia Chile, Sadia GMBH (holding for international investments) and the Chamber of Commerce and Industry Tourism Brazil Russia. Tomazoni was the CEO of Sadia Argentina and of Sadia International and he is a member of the International Advisory Council of the Fundação Dom Cabral, a Brazilian Institution devoted to Superior Educational Degrees and he is a Superior Strategic Board Member of the Santa Catarina Industrial Federation.
ABOUT BRAZIL FAST FOOD CORP.
Brazil Fast Food Corp. owns and operates, both directly and through franchisees, the second largest fast-food restaurant chain in Brazil. The Bob’s trade name is used by Venbo Comércio de Alimentos Ltda., a subsidiary of Brazil Fast Food holding company, BFFC do Brasil Participações Ltda (formerly 22N Participações Ltda.). The "KFC” trade name is used by CFK Comércio de Alimentos Ltda. (formerly Clematis Indústria e Comércio de alimentos e Participações Ltda.), also a holding company subsidiary. The "Pizza Hut” trade name is used by Internacional Restaurantes do Brasil ("IRB”), also a 60% subsidiary of Brazil Fast Food holding company, BFFC do Brasil Participações Ltda. Recently, the Company entered into an agreement with Grupo de Empresas Doggis S.A ("GED”) to cross-franchise the Bob’s and Doggis brands in Chile and Brazil, respectively. Brazil Fast Food will control the Doggis master franchise in Brazil and GED will control the Bob’s master franchise in Chile.
Safe Harbor Statement
This press release contains forward-looking statements within the meanings of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known or unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those expressed or implied by such forward-looking statements. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the disclosures in the Company's filings with the Securities and Exchange Commission, including the risk factors contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2008, filed with the Securities and Exchange Commission on March 31, 2009.
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!