Grand Metropolitan Names Robert Lowes Burger King Chairman
LONDON (AP) _ Grand Metropolitan PLC, Burger King’s parent company, on Tuesday named Robert C. Lowes chairman of the fast-food chain.
Lowes, who is already Burger King’s chief executive officer, was named chairman by George Bull, the chairman-elect and chief executive officer of London-based Grand Metropolitan.
Lowes, 50, has been CEO of Burger King since June and has served in various executive capacities with Grand Metropolitan since 1989. He previously held senior management positions at H.J. Heinz, General Foods Corp. and Philip Morris.
He replaces David Nash in steering the fast-food giant headquartered in Miami. Nash resigned two weeks ago from Burger King, and will leave Grand Metropolitan altogether in January. Burger King spokeswoman Kim Miller said she had no further comment on Nash’s departure.
Burger King claims to be the world’s second-largest fast-food restaurant chain, after McDonald’s, with more than 8,000 restaurants in 58 countries and international territories.
Burger King and its franchisees posted sales of $7.5 billion in 1994, with an operating profit of some $343 million.