Chanticleer Holdings, Inc., a minority owner in the privately-held parent company of the Hooters® brand, Hooters of America (“HOA”), and a franchisee of international Hooters restaurants, announced today the appointment of its South African Subsidiaries’ new Chief Financial Officer, Darren Smith CA (SA), effective October 4, 2012.
Mr. Smith has more than 7 years of financial accounting experience, and while his effective start date is October 4, 2012, he will be working with the Company, after hours, in the interim. The Company’s CFO, Eric Lederer, commented, “We are excited to have Darren Smith joining Chanticleer Holdings. Darren’s accounting expertise and leadership gives us confidence in our ability to execute our growth strategy and expand throughout South Africa. I will be assisting him to get quickly acclimated to the team and our auditors. I look forward to working closely with Darren to operate the South African subsidiaries with the highest level of financial integrity.”
Gordon Jestin, the Chief Operating Officer of the South African subsidiaries, commented, “The restaurants are continuing to operate well and we are on track with our development schedule. I’m happy to have Darren joining our efforts, on the financial side, to grow Hooters of South Africa. He will be an excellent addition to the team.”
Mr. Smith has worked for UBAC Management and Business Advisory since February 2012 as a Senior Associate; VEXX Media as their Financial Director for 3 years prior; and Grant Thornton Durban from March 2005 to February 2009 as a Senior Auditor and Audit Supervisor. Mr. Smith has expertise in leading the preparation of audited financial statements, drafting financial statements, designing systems of internal controls, and driving efficiency and productivity through supervision and monitoring of the financial team.
Mike Pruitt commented, “We are excited to have Darren join us, as he will be an important member of the Chanticleer team. I look forward to a smooth transition and a timely completion of the audit and review.”
There can be no assurance as to the precise timing of the review and audit. The company will continue to inform investors of any material developments in a timely manner.
Let us hear your thoughts below:
