CKE Press Release

April 12, 2019

CKE Restaurants Promotes Ned Lyerly to Chief Executive Officer

FRANKLIN, Tenn. – April 12, 2019 – CKE Restaurants Holdings, Inc. (“CKE”), parent company of Carl’s Jr.® and Hardee’s®, today announced the appointment of Ned Lyerly as Chief Executive Officer, effective immediately. Mr. Lyerly succeeds Jason Marker. The Company also announced that industry veteran George Condos has joined the Board as Chairman.

Mr. Lyerly has served CKE for over three decades. Most recently he was President of International, and he has held a variety of senior roles including development, finance, marketing, and franchise operations. Mr. Lyerly has contributed to the development of more than one third of the company’s restaurants, including the rapid expansion of its international division from 50 restaurants to almost 1,000. Mr. Condos brings 30 years of industry experience to CKE’s Board, having held senior leadership roles including at Arby's, Dunkin’ Brands and Dairy Queen.

“I am a passionate believer in the Carl’s Jr. and Hardee’s brands and am honored to serve as Chief Executive Officer,” stated Mr. Lyerly. “Our brands each have tremendous heritage built on great products, great people, great experiences and decades of performance. We will leverage these equities to solidify our place as QSR brands of choice with best-in-class menu offerings centered on premium products and industry-leading guest service.”

“Ned is a focused leader and proven restaurant operator who is deeply respected by many within CKE’s franchise community. His track record of success, passion for our brands, and deep understanding of the business make him the right leader for CKE going forward,” said Ezra Field, CKE Board Member.

About CKE Restaurants Holdings, Inc.
CKE, a privately held company based in Franklin, Tennessee, runs and operates Carl’s Jr.® and Hardee’s®, two beloved regional brands, known for premium and innovative menu items such as 100 percent Black Angus Thickburgers®, Made from Scratch™ Biscuits and Hand-Breaded Chicken Tenders™. With both a US and international footprint, Carl’s Jr. Restaurants LLC and Hardee’s Restaurants LLC have over 3,800 franchised or company-operated restaurants in 44 states and 43 foreign countries and U.S. territories. For more information about CKE, please visit www.ckr.com or its brand sites at www.carlsjr.com and www.hardees.com.

Media Contact:
Blake Simpson
CKE Restaurants Holdings, Inc.
Vice President, Public Affairs + Communications
e: bsimpson@ckr.com
m: 615.801.2585