Diedrich Coffee Announces Leadership Transition
25 Gennaio 2010 - 10:56PM
PR Newswire (US)
Paul Heeschen to Become Executive Chairman and Sean McCarthy
Appointed President IRVINE, Calif., Jan. 25 /PRNewswire-FirstCall/
-- Diedrich Coffee, Inc. (NASDAQ:DDRX) today announced that,
effective February 1, 2010, Paul C. Heeschen will assume the role
of Executive Chairman and Sean M. McCarthy will be promoted to
President of the Company in connection with the previously
announced departure of the Company's Chief Executive Officer, J.
Russell Phillips. Paul Heeschen has served on the Company's Board
of Directors since 1996 and has been the non-executive Chairman
since 2001. By transitioning to the role of Executive Chairman, he
will assume a more active role at the Company working
collaboratively with Mr. McCarthy. Sean McCarthy joined Diedrich
Coffee in 2004 and has served as the Company's Chief Financial
officer since 2006. Prior to joining Diedrich Coffee, Mr. McCarthy
held a number of business and financial positions at Advantica
Restaurants Group, Inc., Taco Bell, Inc. and El Torito Restaurants.
In addition to retaining his duties as Chief Financial Officer, Mr.
McCarthy will assume responsibility for oversight of the day-to-day
operations of the Company. Mr. McCarthy received a Bachelor's
degree in business management from Pepperdine University and a
Master's degree in business administration from the University of
Southern California. "On behalf of the Board of Directors, I want
to thank Russ for his service to Diedrich Coffee over the last two
years," stated Mr. Heeschen. "Going forward, the Board and I have a
great deal of confidence in Sean and I look forward to working
closely with him to promote the continued success of our Company."
About Diedrich Coffee Diedrich Coffee specializes in sourcing,
roasting and selling the world's highest quality coffees. The
company markets its three leading brands of specialty coffees,
Diedrich Coffee, Coffee People and Gloria Jean's Coffees, through
office coffee service distributors, restaurants and specialty
retailers, and via the company's web stores. Diedrich Coffee is one
of only a few roasters under license to produce K-Cups for Keurig
Incorporated's top-selling single-cup brewing system. For more
information about Diedrich Coffee, call 800-354-5282, or go to
http://www.diedrich.com/, http://www.coffeepeople.com/ or
http://www.coffeeteastore.com/. Forward Looking Statements
Statements in this news release that relate to future plans,
financial results or projections, events or performance are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and fall under the
safe harbor, except that this safe harbor does not apply to
forward-looking statements made in connection with a tender offer.
Actual results and financial position could differ materially from
those anticipated in the forward-looking statements as a result of
a number of factors, including, but not limited to, the financial
and operating performance of Diedrich Coffee's wholesale
operations, the company's ability to maintain profitability over
time, the successful execution of the company's growth strategies,
the impact of competition, the availability of working capital, and
other risks and uncertainties described in detail under "Risk
Factors and Trends Affecting Diedrich Coffee and its Business" in
the company's annual report on Form 10-K for the fiscal year ended
June 24, 2009 and other reports filed with the Securities and
Exchange Commission. Except where required by law, the company does
not undertake an obligation to revise or update any forward-looking
statements, whether as a result of new information, future events
or changed circumstances. Diedrich Coffee Investor Relations: Scott
Liolios or Cody Slach Liolios Group, Inc. Tel 949-574-3860
DATASOURCE: Diedrich Coffee, Inc. CONTACT: Investor Relations,
Scott Liolios or Cody Slach of Liolios Group, Inc.,
+1-949-574-3860, , for Diedrich Coffee, Inc. Web Site:
http://www.diedrich.com/ http://www.coffeepeople.com/
http://www.coffeeteastore.com/
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