18.12.2006 22:07:00
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Potbelly Sandwich Works Names James Hirshorn Chief Financial Officer
CHICAGO, Dec. 18 /PRNewswire/ -- Bryant L. Keil, Chairman and Chief Executive Officer of Potbelly Sandwich Works, announced today the company has hired James B. Hirshorn as Chief Financial Officer. Hirshorn, 40, will report to Keil and bring nearly 20 years of business, operational and financial leadership in both public and privately-held companies to Potbelly's management team when he starts in January 2007.
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"Jim is a respected professional with extensive experience in multi-unit retail companies spanning both the public and private sectors," said Keil. "His breadth of business and operational experience coupled with his proven ability to drive growth and shareholder value will make Jim a valuable asset to our team. Daily, we focus on quality, from the food we serve and the way our stores look to the character of the people who work at every level of the Potbelly team. Jim will be a perfect fit with our culture. We look forward to him joining us as we continue to develop Potbelly into one of the best companies in America."
Hirshorn comes to Potbelly from Sealy, Inc. where he served most recently as Senior Executive Vice President of Finance, Operations and R&D having been promoted to that position from Executive Vice President and Chief Financial Officer. During his tenure at Sealy, Hirshorn led multiple successful equity transactions including the sale of Sealy from Bain Capital to KKR in 2004 followed by an IPO in April 2006, creating significant shareholder value for Sealy's investors.
Prior to Sealy, Hirshorn served as Vice President of Bain Capital, Inc., a role that had him working with three mattress retailers, including: Sleep Country Canada, Mattress Discounters, and The Mattress Firm. He also worked briefly with Domino's Pizza, Inc. These were all multi-unit, private companies in multiple markets. Domino's and Sleep Country Canada went on to have very successful IPOs.
"Potbelly is a remarkable company with an amazing culture and incredibly awesome sandwiches! Their efficient production process allows Potbelly to service their customers with exceptional speed and accuracy, while making every customer interaction a friendly, positive one," said Hirshorn. "It is by far the most unique retail food model I have every seen. I am excited to become a part of the company and help in developing long-term growth and success."
Hirshorn replaces Bill Moreton who is leaving Potbelly to attend to a personal family medical issue. "Bill is a high-caliber individual who contributed greatly to Potbelly," said Keil.
ABOUT POTBELLY SANDWICH WORKS
From its humble beginnings as a small antique store on Chicago's north side, Potbelly has grown from one to more than 140 company-owned and -operated stores. With its combination of hot sandwiches, hand-dipped shakes, live local music, and friendly, interactive people, Potbelly has built a passionate, loyal following of fans who spread the word about Potbelly's relaxing atmosphere and great food. People in search of Potbelly sandwiches can find stores in Illinois, Indiana, Maryland, Michigan, Minnesota, Ohio, Texas, Virginia, Wisconsin, and the District of Columbia.
Chicago-based Potbelly is privately held and is fortunate to have some of the world's most respected business leaders as board members and investors. These include Starbucks Coffee Company Chairman Howard Schultz, Dan Levitan, who co-founded Maveron with Howard Schultz, Ned Jannotta, Chairman of William Blair & Co., Bob Kagle, General Partner of Benchmark Capital, Gerald Gallagher, General Partner of Oak Investment Partners, Vann Avedisian, a Chicago-based investor, Walter Robb, co-president of Whole Foods Market, and Glenn B. Kaufman, Managing Director of American Securities Capital Partners, LLC.
For more information please visit http://www.potbelly.com/ .
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