Aug. 8, 2008, Vancouver, B.C. – Boston Pizza International Inc.
has announced that Mike Cordoba will step down
as Chief Executive Officer of BPI and will be leaving the company as of
December 31, 2008.
Aug. 8, 2008, Vancouver, B.C. – Boston Pizza International Inc.
has announced that Mike Cordoba will step down
as Chief Executive Officer of BPI and will be leaving the company as of
December 31, 2008. In conjunction with his departure, Mr. Cordoba will
also resign as Director and CEO of Boston Pizza GP Inc., Managing
General Partner of Boston Pizza Royalties Limited Partnership, administrator of the Boston Pizza Royalties Income Fund.
Mike Cordoba joined BPI in 1993 and has held several senior roles
within the organization including Executive Vice President, President
and Chief Operating Officer. He has also been a Director of Boston
Pizza GP Inc. since its inception in 2002.
"Mike has made significant contributions during his 15 years with
BPI including his leadership role in having Boston Pizza International
consistently recognized since 1994 as one of 'Canada's 50 Best Managed
Private Companies' and in 2007 as one of 'Canada's 10 Most Admired
Corporate Cultures'. Mike's greatest achievement has been building an
outstanding senior management team and working together with them to
make Boston Pizza Canada's #1 casual dining brand with more than 300
locations coast-to-coast," said BPI's Co-chairman and Owner, George
Melville. "On behalf of the Board, I want to thank Mike for his vision
and commitment and wish him all the best in his future endeavours."
Following Mr. Cordoba's departure, BPI's Chairmen and Owners, Jim
Treliving and George Melville, will be working more closely with the
senior management team at BPI while continuing to oversee the company's
strategic management. In addition, George Melville will replace Mike
Cordoba as a Director of Boston Pizza GP Inc. joining BPI's Chief
Financial Officer Mark Powell as BPI's representatives on the Board.
BPI currently holds a 12% interest in the Fund indirectly through its interest in BPRLP.
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