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SONIC Announces Leadership Transition

Nov 07, 2018 - Business Wire
Board and Executive Moves

SONIC Corp. (NASDAQ: SONC), the nation's largest chain of drive-in restaurants, today announced that Chairman and Chief Executive Officer, Cliff Hudson, will retire and that President Claudia San Pedro will lead the company, effective as of the closing of SONIC's proposed acquisition by Inspire Brands ("Inspire"), which is expected to occur in December, subject to shareholder approval. Mr. Hudson will assist with the transition, serving as Senior Advisor to SONIC until March 2019. Following comp...