Chanticleer Holdings Inc., a multiunit operator whose portfolio includes Hooters and Little Big Burger, has named Patrick Harkleroad its new chief financial officer.
The Charlotte, N.C.-based company, which in November named Fred Glick president, also appointed Troy Shadoin as the company’s new chief accounting officer. The CAO position is a new role for the company.
Harkleroad, who is replacing Eric Lederer, has more than 15 years of experience in the private sector where he’s been a CFO consultant for Brevard, N.C.-based Carolina Financial Group. He served as the CFO for one of the company’s clients, Trinity Frozen Foods LLC.
Both Shadoin and Harkleroad start immediately. The company said Lederer "will stay on for approximately a month to transfer responsibilities."
Harkleroad said he’s “thrilled” to come to Chanticleer Holdings, which has a mixed portfolio of limited-service and full-service restaurant brands including Hooters, American Burger Company, BGR – Burgers Grilled and Right, Little Big Burger and Just Fresh.
“Living in Charlotte, I’ve been a customer of their better burger brands for some time,” Harkleroad said in a statement.
Harkleroad has some experience with the restaurant industry. Prior to Trinity, he served as CFO of Landmark Leisure Group. The Charlotte, N.C.-based development company owned and operated restaurant and pub concepts such as Blackfinn Ameripub, Vida Mexican Kitchen, and Strike City Lanes.
Shadoin previously worked as Corporate Controller for Air T Inc.
Chanticleer CEO Mike Pruitt said Shadoin and Harkleroad “will be of significant value to Chanticleer as we pursue our next stage of growth.”
“I’m excited about our collective future and look forward to working with Patrick, Troy and our newly named president Fred Glick to the benefit of our shareholders,” Pruitt said in a statement.
For the third quarter ended Sept. 30, Chanticleer revenue decreased 5.8 percent to $10.1 million compared to the same quarter a year earlier. The company, which opened three units during the quarter, blamed the revenue drop on the closure of underperforming locations.
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