Sept. 9, 2003
MIAMI -- Burger King Corp. has announced the election of David Brandon, chairman and chief executive officer of Domino's Pizza, to its board of directors.
According to a news release, the board brought Brandon aboard because of his long history in consumer marketing (he is former chairman, president and CEO of Valassis, a leading marketing services and sales promotion company), retail sales and pizza industry experience.
"Dave Brandon is known for his leadership and his ability to align franchisees and employees with the vision and values of the company, while driving revenues and profitability," said Brad Blum, CEO of Burger King. "Dave's core value of integrity and his distinct talent for building great teams and corporate cultures ... will bring another insightful strategic perspective to our board."
Brandon took the top post at Domino's in March 1999, following founder Tom Monaghan's sale of the company in 1998 to Bain Capital, a Boston-based private equity investment firm.
In late 2002, Bain was part of a venture capital consortium, led by Texas Pacific Group, which bought Burger King from Diageo, LLC. The London-based distilled spirits giant sold the world's number-two burger chain in order to focus on its core beverage interests.
Sale price for Burger King was $2.26 billion, an outlay that dropped nearly $1 billion as BK battled sales declines in 2001 and 2002.
Brandon also is a member of the Board of Directors of the TJX Companies, Inc., a leading off-price retailer of apparel and home fashions worldwide, and Edwards Brothers, a private book printing company in Ann Arbor, Mich..
In 1998, he won a statewide election to serve an eight-year term as a regent of the University of Michigan. Brandon serves on number of Southeast Michigan-based civic and charitable boards, and is also a National Advisory Board Member of St. Jude Hospital in Memphis, Tenn.