Diversified Restaurant Holdings Inc., or DRH, has named Phyllis Knight chief financial officer and treasurer as part of a planned succession.
DRH is the largest Buffalo Wild Wings franchisee, and operates the Bagger Dave’s Burger Tavern brand.
Knight replaces David Burke as CFO. Burke has assumed the role of president and CEO at Southfield, Mich.-based DRH, which earlier this year announced a plan to spin off Bagger Dave’s in order to focus on Buffalo Wild Wings. The spin-off is expected to be completed later this year.
As part of the transition, former DRH chief executive Michael Ansley has taken the role of executive chairman of the board.
“I am grateful to have had the opportunity to lead this company, and am equally excited about its future,” Ansley said in a statement. “We have begun the next phase of our strategy and believe David and Phyllis are the right choices to execute our plans and deliver shareholder value.”
Knight is new to the restaurant industry, and has 30 years of experience in the manufacturing, home building and mortgage services industries. She served most recently as executive vice president and chief financial officer of Polar Corp., a tank trailer manufacturing, parts and service organization. Prior experience includes executive positions at Champion Enterprises Inc. and Champion Enterprises Holdings LLC.
DRH operates 64 Buffalo Wild Wings restaurants and 19 Bagger Dave’s units.
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