Treasurer elected to chief financial officer and hotel veteran
elected to board of directors
OKLAHOMA CITY--(BUSINESS WIRE)--
Sonic Corp. (NASDAQ: SONC), the nation's largest chain of drive-in
restaurants, today announced promotions of Claudia S. San Pedro to
president and Corey R. Horsch to chief financial officer. Shareholders
also elected S. Kirk Kinsell to the board of directors.
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Claudia S. San Pedro to serve as president for Sonic Corp. (Photo: Business Wire)
Ms. San Pedro most recently served the company as executive vice
president and chief financial officer. A twelve-year veteran of Sonic,
Ms. San Pedro joined the company as treasurer and was subsequently
promoted to vice president of investor relations. Appointed chief
financial officer in 2015, she led all financial strategies for the
company and planning practices, as well as the brand's relationship with
lending institutions, shareholders, and the financial community. In her
new role, Ms. San Pedro's responsibilities include franchisee relations,
supply chain, franchise sales and development, and business planning.
She will provide oversight of the finance function as well.
Filling Ms. San Pedro's vacated role of chief financial officer is Corey
Horsch. Mr. Horsch joined Sonic as vice president of investor relations
and treasurer in 2015. In his new role, he is responsible for all
financial planning, internal audit, accounting and tax, while
maintaining leadership for the investor relations and treasury functions.
Newly elected to the board is Kirk Kinsell for a three-year term. Mr.
Kinsell is a seasoned hospitality executive with more than 30 years of
operational, franchising and management experience in the hotel sector
who currently serves as principal partner of Panther Ridge Partners,
LLC, an investment and advisory company focused on the hospitality
sector. He previously served as president and CEO of Loews Hotels and
"I am delighted to promote Claudia to president and Corey to chief
financial officer," said Cliff Hudson, Sonic Corp. CEO. "Claudia's focus
on building relationships, business acumen and strategic mindset
position the company well for future growth. Claudia is a highly skilled
leader with an eye for developing talent, as evidenced by our ability to
seamlessly transition Corey into the CFO role. Her readiness for this
new role has been evidenced by the leadership she has shown to date, and
I welcome her executive partnership.
"Additionally, we are excited to welcome Kirk as a new independent
director to our board. His executive experience in the hospitality
industry nicely complements the breadth of experience on our board."
Existing directors re-elected to the Sonic Corp. board are Steven A.
Davis and Kate S. Lavelle. Continuing director Jeffrey H. Schutz was
elected by his peers to serve as lead independent director. Other
continuing board members are Tony D. Bartel, R. Neal Black, Lauren R.
Hobart, Federico R. Peña, Susan E. Thronson, Kathryn L. Taylor and Cliff
Hudson. Retiring from the board are long-standing directors J. Larry
Nichols, who served on the board for 11 years, and Frank E. Richardson,
who served on the board since 1991.
"We greatly appreciate Larry's and Frank's many years of service to
Sonic as stewards of our shareholders' interests," continued Mr. Hudson.
"They both provided outstanding leadership during their tenures as Board
members and especially during their tenures as lead independent
About SONIC, America's Drive-In
SONIC, America's Drive-In is the nation's largest drive-in restaurant
chain serving approximately 3 million customers every day. Nearly 94
percent of SONIC's 3,500 drive-in locations are owned and operated by
local business men and women. For 65 years, SONIC has delighted guests
with signature menu items, 1.3 million drink combinations and friendly
service by iconic Carhops. Since the 2009 launch of SONIC's Limeades for
Learning philanthropic campaign in partnership with DonorsChoose.org,
SONIC has donated $9.5 million to public school teachers nationwide to
fund essential learning materials and innovative teaching resources to
inspire creativity and learning in their students. To learn more about
Sonic Corp. (NASDAQ/NM: SONC), please visit sonicdrivein.com
and please visit or follow us on Facebook
To learn more about SONIC's Limeades for Learning initiative, please
View source version on businesswire.com: http://www.businesswire.com/news/home/20180202005422/en/
Christi Woodworth, 405-225-5600
Vice President of
Source: Sonic Corp.
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