Friday, August 22 2014 5:29 AM EDT2014-08-22 09:29:14 GMT
The streets of Ferguson have been peaceful for another night, as protests and tensions have been subsiding in the St. Louis suburb where unrest had erupted for several nights after a white police officer fatally...More >>
The streets of Ferguson were peaceful for another night, as protests and tensions were subsiding in the St. Louis suburb where unrest had erupted after a white police officer fatally shot an unarmed black 18-year-old.More >>
Truett Cathy, 92, is stepping down as CEO of Chick-fil-A. His son, Dan, will assume the role of Chairman, President and CEO.
"Dan is ready to take Chick-fil-A into its next chapter of growth and stewardship. He has been a highly effective leader in the business and shares my commitment of being a faithful steward to all that has been entrusted to us. I am deeply grateful for so many things in my life --- for the opportunity to grow one modest restaurant into a chain that provides for the Operators and team members who run them, for the communities they serve and for the bounty that has allowed us to give back through foster homes, scholarships and camps for children. I am also grateful for my children and grandchildren who have a love for the family business, and I have the deepest confidence in their commitment to continue graciously running our family business under Dan's leadership," said Truett Cathy in a statement.
Truett Cathy started the business in 1946, when he and his brother, Ben, opened an Atlanta diner known as Dwarf Grill, later renamed Dwarf House.
In 1967, Truett Cathy founded and opened the first Chick-fil-A restaurant in Atlanta's Greenbriar Shopping Center.
Truett Cathy will assume the title of Founder and Chairman Emeritus and
will continue to focus on his other entrepreneurial endeavors.
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