Burger King loses Adamson of spacey
Friday 13 January 1995
Mr Adamson, who joined Burger King in July 1993, is joining the Flagstar group, owner of the Denny's and Hardee's chains, as chief executive. When he became chief executive of Burger King Mr Adamson replaced Barry Gibbons, who was chief executive when Grand Met acquired the chain as part of the Pillsbury deal in 1989.
Commenting on Mr Adamson's departure, Grand Met said there was nothing sinister and that he had simply been offered what he considered to be a better job.
David Nash, chairman and chief executive of Grand Metropolitan's food sector, will take over while the group seeks a replacement.
Mr Nash said that Mr Adamson had helped to turn Burger King around. Sales are up around 6 per cent and profits have increased by 28 per cent. Burger King now has 7,500 restaurants and worldwide sales of £4.9bn.
In recent years Burger King has been conducting a back-to-basics campaign to concentrate on a menu of hamburgers, chips and cola. Its "value menu", which was pioneered by Mr Adamson, will remain, the company said.
Burger King caused a ripple of concern in December when it emerged that Grand Met had included the sale of Burger King restaurants to franchisees in its operating profits.
At £64m, this accounted for more than a quarter of Burger King's profits.
- 1 President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
- 3 Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
- 5 Game of Thrones is most-pirated TV show of 2014
President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
Stoke-on-Trent becomes first British city to be classified as 'disaster resilient' by the United Nations
Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
AirAsia flight QZ8501 missing: Search for plane carrying 162 passengers from Indonesia to Singapore suspended overnight
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Millions of Britons struggling to feed themselves and facing malnourishment
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Nigel Farage: Ukip leader named 'Briton of the year' by The Times
Immigrants make UK racist, says Ukip councillor Trevor Shonk
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...