VANCOUVER, Aug. 18, 2015 /CNW/ - A&W Food Services
of Canada Inc. (A&W Food Services) announced today several
management changes. The first is that Paul Hollands, who is currently President and
Chief Executive Officer of A&W Food Services, has been
appointed Chair and Chief Executive Officer. The current
Chair, Jeff Mooney, will continue to
serve as Chairman Emeritus and a Director of A&W Food Services,
and he will also remain as a director of A&W Trade Marks
Inc. Mr. Hollands will also continue to hold his position as
Chief Executive Officer of A&W Revenue Royalties Income Fund
(the Fund) (TSX symbol AW.UN).
At the same time, Susan Senecal
has been promoted to the newly created position of President and
Chief Operating Officer of A&W Food Services. Ms. Senecal
has 23 years' experience with the company, most recently as Chief
Marketing Officer. This appointment recognizes Ms. Senecal's
experience in all areas of the business including marketing,
operations, franchising and real estate.
A&W Food Services is the second largest quick-service
hamburger restaurant chain in Canada with over $1
Billion in sales and over 830 restaurants from
coast-to-coast. A&W restaurants feature famous
trade-marked menu items such as The Burger Family®,
Chubby Chicken® and A&W Root Beer®.
A&W Food Services licenses the A&W trade-marks from the
Fund, who through its investment in A&W Trade Marks Inc., is
entitled to receive royalties from A&W Food Services in the
amount of 3% of the sales of the A&W restaurants in the Royalty
Pool. Cash distributions to the Fund's unitholders are paid
monthly.
SOURCE A&W Food Services of Canada Inc.