Corporate Governance- Management
J. Clifford HudsonChairman of the Board, President and Chief Executive Officer, Sonic Corp.
Clifford Hudson has spent the last 29 years of his career at Sonic Corp., an Oklahoma City-based, publicly-held company that owns, operates and franchises SONIC Drive-In restaurants (NASDAQ: SONC). Today, he is chairman of the board and chief executive officer of this public company with 3,500 franchised and company-operated drive-in restaurants.
Hudson was named chairman of Sonic Corp in January 2000, and has been chief executive officer (CEO) of Sonic Corp. since April 1995. Prior to that time, he served the company in a variety of capacities, including general counsel, chief financial officer and chief operating officer.
During Hudson’s tenure as CEO of SONIC, system-wide sales have grown from $880 million to $3.8 billion. The company’s enterprise value (the public value of its common stock plus debt) has grown from approximately $200 million to more than $1.0 billion.
In his position, Hudson has earned achievements such as the 2004 Silver Plate – Foodservice Operator of the Year Award from International Foodservice Manufacturers Association and 2000 Multi-Unit Foodservice Operators (MUFSO) Golden Chain Award from Nation’s Restaurant News. Most recently, SONIC has also received national recognition from publications such as Forbes, Entrepreneur, QSR and Restaurants & Institutions. He has been a guest on various national business programs including CNBC’s Mad Money, Squawkbox and Power Lunch, as well as various Bloomberg news programs.
Hudson has been affiliated with many nonprofit and community activities. He served as chairman of the board of directors of the Securities Investor Protection Corporation (SIPC), a presidential appointment, from 1994-2001. He served as chairman of the Oklahoma City School Board from 2001-2008, a position created in 2000 as part of a $530 million turnaround of a 40,000 student, inner-city Oklahoma City Public School system. In recognition of this public service, Hudson received an honorary doctorate in humane letters from Oklahoma City University. He currently serves as trustee of the Ford Foundation (New York) and is the immediate past chairman of the board of the National Trust for Historic Preservation. He also serves as the vice chairman of the Foundation for Oklahoma City Public Schools.
Through his education work, Hudson has been involved with art and music programs, including leading a SONIC-sponsored music group, The SONIC Tones. In addition to performing with the Oklahoma City symphony in 2003, The SONIC Tones performed at the Rock and Roll Hall of Fame in Cleveland, Ohio through the Fortune magazine-sponsored “Battle of Corporate Bands”.
Hudson graduated from the University of Oklahoma, which he attended with Phi Beta Kappa and President’s Leadership scholarships. In 1998, Hudson was honored as a distinguished alumnus of the University of Oklahoma College of Arts and Sciences, where he serves as a member of the College of Arts and Sciences Board of Visitors. In 2001, he received the University’s Regents Award from its board of regents, and in 2011 received an honorary doctoral degree in humane letters from the university.
Hudson graduated from the Georgetown University Law Center, where he was a member of the legal honor society, Phi Delta Phi. In 1979, he served as an editor of the International Law Journal, a publication of the Association of Student International Law Societies. He also serves as chairman of the board of visitors of Georgetown University Law Center and in 2006 was given the Paul Dean Award for service to the school.
He and his wife, Leslie, an epidemiologist, have two sons and live in Oklahoma City.
Holdings: 266,800 shares View Transactions Date Type Shares Traded Price Range Sep 23, 2013 Sell 63,000 18.10 Sep 20, 2013 Sell 107,000 18.42 Sep 19, 2013 Sell 130,000 18.59 - 18.70 Apr 9, 2013 Sell 51,698 12.39 Apr 9, 2013 Disposition (Non Open Market) 676 n/a Apr 9, 2013 Acquisition (Non Open Market) 676 n/a Apr 9, 2013 Option Execute 52,374 12.09 Apr 8, 2013 Sell 1,397 12.60 Apr 8, 2013 Option Execute 1,397 12.09 Apr 4, 2013 Sell 22,516 12.60 Apr 4, 2013 Option Execute 22,516 12.09 Jan 14, 2013 Disposition (Non Open Market) 4,257 10.95 Jan 14, 2013 Option Execute 11,881 n/a Jul 6, 2012 Sell 30,569 10.34 Jul 5, 2012 Sell 29,041 10.33 Jul 3, 2012 Sell 29,041 10.33 Jul 3, 2012 Disposition (Non Open Market) 2,500 n/a Jul 2, 2012 Sell 28,986 10.35 Jun 20, 2012 Disposition (Non Open Market) 4,800 n/a Jun 15, 2012 Disposition (Non Open Market) 38,000 n/a Apr 4, 2012 Disposition (Non Open Market) 25,000 n/a Jan 14, 2012 Disposition (Non Open Market) 4,294 6.71 Jan 14, 2012 Option Execute 11,880 n/a Oct 25, 2011 Acquisition (Non Open Market) 122,393 6.89 Mar 18, 2011 Disposition (Non Open Market) 83,181 8.86 Mar 18, 2011 Option Execute 94,845 7.36 Jan 14, 2011 Disposition (Non Open Market) 4,294 10.57 Jan 14, 2011 Option Execute 11,880 n/a Dec 7, 2010 Disposition (Non Open Market) 6,900 n/a Nov 11, 2010 Disposition (Non Open Market) 1,608 n/a Oct 20, 2010 Disposition (Non Open Market) 2,760 n/a Sep 13, 2010 Disposition (Non Open Market) 17,448 n/a Apr 20, 2010 Sell 66,700 12.25 Apr 20, 2010 Option Execute 108,489 5.71 Aug 5, 2009 Disposition (Non Open Market) 60,000 n/a Apr 28, 2009 Disposition (Non Open Market) 41,000 n/a Mar 26, 2009 Disposition (Non Open Market) 5,200 n/a Mar 3, 2009 Disposition (Non Open Market) 66,397 8.03 Mar 3, 2009 Option Execute 93,050 5.73 Dec 18, 2008 Disposition (Non Open Market) 11,000 n/a Mar 7, 2008 Disposition (Non Open Market) 24,272 20.10 Mar 7, 2008 Option Execute 114,797 4.25 Feb 29, 2008 Disposition (Non Open Market) 500 21.33 Oct 26, 2007 Sell 183,636 25.00 Oct 25, 2007 Sell 93,700 25.00 Oct 24, 2007 Sell 1,500 25.00 Oct 17, 2007 Disposition (Non Open Market) 30,000 n/a Jan 5, 2007 Disposition (Non Open Market) 61,543 22.29 Jan 5, 2007 Option Execute 174,034 2.37 Dec 28, 2006 Disposition (Non Open Market) 4,200 24.34
Omar JanjuaChief Restaurant Operations Officer
Omar Janjua is chief restaurant operations officer of SONIC®, America's Drive-in®. In this position, Janjua is responsible for overseeing all aspects of SRI operations including field marketing and operations support for SRI drive-ins. In addition Janjua is also executive vice president of operations for Sonic Industries, the company's franchising subsidiary. In this role he oversees operations services, quality assurance and training for the drive-in system.
Janjua joined SONIC in September 2009 from Steak 'n Shake Company, where he was previously executive vice president and chief operating officer. At Steak 'n Shake, he was responsible for the operations of 490 system restaurants with annual revenues of approximately $700 million. Previous to Steak 'n Shake, Janjua spent 18 years with Pizza Hut holding numerous positions most notably serving as vice president of franchise where he help provide support to 75 franchise groups operating 2,600 restaurants in 27 states; and vice president of company operations where he led 817 locations from St. Louis to Los Angeles; 15 regions in eight states that generated revenues in excess of $800 million.
Janjua holds a master's degree in business administration from Minnesota State University and is a graduate of Georgia Institute of Technology with a major in operations management.
Janjua lives in Oklahoma City with his family.
Stephen C. VaughanExecutive Vice President and Chief Financial Officer
Stephen Vaughan is executive vice president and chief financial officer of Sonic Corp, an Oklahoma City-based, publicly-held company that owns, operates and franchises SONIC Drive-In restaurants. He is responsible for accounting and financial reporting, investor relations, all treasury functions and risk management.
Vaughan has worked at SONIC since 1992 in various positions, including internal auditor, assistant controller and controller. Prior to assuming his current position, he served as vice president of planning & analysis and treasurer. He previously worked at Ernst & Young as an auditor.
Vaughan earned his bachelor’s degree in business administration from the University of Oklahoma. He also is a certified public accountant. Vaughan serves as the chairman of the Oklahoma FFA Foundation, president of the Oklahoma City Chapter of Financial Executives International and also serves on the board of the Oklahoma City National Memorial Foundation and the Boy Scouts of America Last Frontier Council.
Vaughan lives in Oklahoma City, Okla., with his wife, Merrie Lynn, and their daughter Laurabelle.
Paige S. BassVice President and General Counsel
Paige S. Bass is vice president and general counsel of Sonic Corp., the parent company for the Oklahoma City-based national headquarters of SONIC®, America's Drive-In®, a position she assumed in 2007. Bass leads SONIC's internal legal department and is responsible for all legal services for Sonic Corp and its subsidiaries. She joined SONIC as associate general counsel in 2004.
Before joining SONIC, Bass was an associate with Crowe & Dunlevy, one of the largest law firms in Oklahoma. She is involved with several community organizations, serving as a board member, a member of the executive committee and a volunteer for Oklahoma Lawyers for Children; a board member for Urban League of Greater Oklahoma City; and a volunteer for the Oklahoma Foundation for Excellence. Bass is also a member of the board of directors of the Oklahoma County Bar Foundation and was elected to The Fellows of the American Bar Foundation in 2010. Bass is a graduate of Leadership Oklahoma City Class of XXIX.
Bass has a Bachelor of Science degree in mechanical engineering from Oklahoma State University. She also graduated, with highest honors, from the University of Oklahoma College of Law, where she served as editor-in-chief of the Oklahoma Law Review, was elected to the Order of the Coif and received numerous awards, including the Nathan Scarritt Prize.
A native of Clinton, Oklahoma, Bass resides in Oklahoma City with her husband, Mike, and their two children.
James O'ReillySenior Vice President and Chief Marketing Officer
James O'Reilly is senior vice president and chief marketing officer for the Oklahoma City-based national headquarters of SONIC®, America’s Drive-In®. He leads the marketing function for SONIC, which includes all national marketing, field marketing, media, and research & development.
O’Reilly brings more than 20 years of senior level leadership in consumer driven marketing, brand management and product development, including extensive experience within the quick service restaurant segment to SONIC. He most recently served as the Chief Concept Officer of Einstein Noah Restaurant Group, Inc. where he was responsible for several functions for the organization including marketing, research & development, and information technology. His leadership of these areas led to the creation of several new menu items and drove positive same store sales growth.
O’Reilly joined Einstein Noah after 13 years with YUM! Brands. He served in progressive roles throughout the YUM! system including international roles with KFC, Taco Bell, Pizza Hut and Yum! Restaurants International, CMO of KFC, and SVP US Marketing of YUM! Brands. Prior to his tenure with YUM!, James spent five years with Procter & Gamble's Canadian division.
O’Reilly has a bachelor of science degree in biochemistry from McMaster University in Hamilton, Ontario and an M.B.A. with a concentration in marketing and strategy from York University in Toronto, Ontario.
He and his wife, Marie, live in Oklahoma City and have two sons.
John BuddChief Development and Strategy Officer
John Budd is chief development and strategy officer of Sonic Corp. He is responsible for franchise sales, real estate and construction – both domestically and internationally. Additionally, in conjunction with the chief executive officer, Budd will lead and assist in further development of key strategic initiatives for the company.
Budd joined SONIC from the Boston Consulting Group, where he served as a partner and managing director. In that role, he gained relevant experience helping restaurant brands create successful management strategies, drive unit growth, implement long-term menu innovation and improve same-store sales and profits. Prior to his work with Boston Consulting Group, he held various domestic and international roles of increasing accountability with General Electric.
Budd earned his bachelor’s degree in economics from the University of Pennsylvania. He also received his M.B.A. from the Kellogg School of Management at Northwestern University.
Budd and his wife, Rebecca, have two sons, Jackie and Marcus.
Craig MillerSenior Vice President and Chief Information Officer
Craig Miller is senior vice president and chief information officer for the Oklahoma City-based national headquarters of SONIC®, America’s Drive-In®. In his role, Miller is responsible for the development and execution of the company’s information technology (IT) transformation strategies and services, including all customer, retail and corporate solutions.
Miller joined SONIC in 2010 from Movie Gallery, where he served on the transition team as executive vice president and chief information officer responsible for developing and implementing the global technology strategy. Prior to Movie Gallery, Miller was senior vice president of information strategy at Bank of America, responsible for implementing innovative business analytics, supporting all corporate and retail functions. Prior to Bank of America, Miller was director of technology services at Pepsi where he led the development of global technology strategy, managed integration for franchise acquisitions, and implementation of shared services, supporting all corporate divisions. Earlier in his career, Miller started a software development firm specializing in emerging technologies and large-scale systems development for Fortune-500 companies.
Miller holds a master’s degree in systems engineering from Polytechnic University and is a graduate of SUNY Stony Brook with a bachelor’s degree in computer engineering.
Anita VanderveerVice President of People
Anita Vanderveer is vice president of people for the Oklahoma City-based national headquarters of SONIC®, America’s Drive-In®. She leads the human resources function for SONIC, which includes talent management, recruitment, people development, employee relations, payroll, benefits, compensation, recognition, internal communications, organizational design and change.
Vanderveer began her career with Pizza Hut/YUM! Brands over 25 years ago in restaurant operations and has served in a variety of human resources executive positions. She also served as vice president, human resources for Pinnacle Family of Companies based in Dallas, Texas.
Vanderveer holds a bachelor’s degree from Mountain State University in organizational leadership and a master’s degree in education, human resource development from the University of Illinois Urbana-Champaign.
Originally from Dayton, Ohio, Vanderveer grew up in the Quad Cities. She and her husband, Gordy, have one daughter and reside in Edmond, Oklahoma.
Claudia San PedroVice President of Investor Relations, Communications and Treasurer
Claudia San Pedro serves as vice president of investor relations, communications and treasurer for the Oklahoma City-based national headquarters of SONIC®, America’s Drive-In®. Her main responsibilities are to direct financial planning, procurement and investment of funds for the organization and formulate investor relations strategy and oversee communications with the investment community. San Pedro also oversees public relations and external communications for the company.
Prior to joining SONIC, she served as the director for the Oklahoma Office of State Finance. Appointed by Governor Brad Henry in 2005, San Pedro was the first female and first Hispanic to serve as Director of State Finance for Oklahoma.
Before joining OSF and the Henry administration, San Pedro served as the assistant director of the Oklahoma State Senate fiscal staff and a staff budget analyst for the senate appropriations subcommittees on education, human services and general government.
San Pedro is currently a volunteer board member of the Foundation for Oklahoma City Public Schools, the Oklahoma Academy, a non-partisan research organization based in Oklahoma City, the Greater Oklahoma City Hispanic Chamber of Commerce, the Oklahoma University Health Science Center, Downtown OKC and is a member of the Oklahoma City Metropolitan Area Public Schools Trust Board.
San Pedro holds an undergraduate degree from Smith College in Massachusetts and a master’s degree in business administration from the University of Oklahoma.
Born in Mexico City, San Pedro resides in Oklahoma City with her family.