Frisch’s Restaurants Inc. on Monday named Mark R. Lanning vice president of finance and said he is expected to move up to the chief financial officer’s post after current CFO Donald H. Walker retires.
Craig F. Maier, president and chief executive of the Cincinnati-based family-dining company, said in a statement that Lanning will be responsible for corporate finance, treasury, public reporting, investor relations, budgeting, auditing, accounting, long-range forecasting, tax and insurance functions.
Before joining Frisch’s, Lanning served as vice president of investor relations and treasurer of Hillenbrand Inc. in Batesville, Ind. Prior to that he served in various posts with Ernst & Whinney, now Ernst & Young in Indianapolis and Tampa, Fla.
For the March-ended third quarter, Frisch’s had net income of $1.8 million, or 37 cents per share, compared with year-ago profit of $2.0 million, or 39 cents per share. Sales in the quarter rose 4 percent to $67.5 million.
At the end of that quarter, Frisch’s operated 95 Big Boy locations and licensees operated another 25 franchised Big Boys. The company also operates 35 Golden Corral restaurants
Contact Paul Frumkin at [email protected].