WASHINGTON (dpa-AFX) - Cracker Barrel Old Country Store, Inc. (CBRL) announced that its Executive Chairman Michael Woodhouse will be resigning from that position in early November, prior to the Company's annual shareholders' meeting, and not stand for election as a Board member.
Woodhouse served as Chief Executive Officer from 2001 to 2011 and Chairman of the Board from 2004 to 2011. He continued as Executive Chairman for a transition period after Sandra Cochran became President and Chief Executive Officer last September.
The company said it will name James Bradford, who joined the Cracker Barrel Board last August, as non-executive Chairman when Woodhouse steps down. Bradford is Dean and Ralph Owen Professor for the Practice of Management at Vanderbilt University's Owen Graduate School of Management.
Previously, Bradford served as President and Chief Executive Officer of United Glass Corporation, a consolidation of glass fabricators in the United States and Canada, from 1999 to 2001 and as President and Chief Executive Officer of AFG Industries Inc., North America's largest vertically integrated glass manufacturing and fabrication company, from 1992 to 1999.
The company also announced that director Charles 'Eddie' Jones, Jr. has informed the Board of his intention to retire at the end of his current term in November and not stand for election at the 2012 Annual Meeting.
The Company also announced that it will hold its annual shareholders' meeting on November 15, 2012. Shareholders of record at the close of business on September 21, 2012 will be entitled to notice of and to vote at the annual meeting.
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