Biglari takes chairman’s post at Steak n Shake

INDIANAPOLIS Activist shareholder Sardar Biglari has assumed the chairmanship of Steak n Shake Co., a 502-unit family restaurant operator that he has long criticized as being mismanaged and undervalued. He assumes the responsibility from interim chairman Wayne L. Kelley, who will continue to serve as interim chief executive until a permanent replacement has been named. Kelley also retained his board seat.

Biglari, who also serves as chairman of the family-dining

Register to view the full article

Register to view this article

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.