Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Shell M&A Chief Exits After BP Takeover Proposal Rejected 
Treasury Wine Estates Shares Plunge on Earnings Warning Amid U.S. and China Weakness 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking. 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
Delta Air Lines President Glen Hauenstein to Retire, Leaving Legacy of Premium Strategy 
Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
VANCOUVER, Wash., Sept. 22, 2016 -- Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) today announced the appointment of Jean M. Birch, a current director, as Chair effective September 30, 2016.
Jean Birch has served as a Director since April 2015. Ken Calwell, President and Chief Executive Officer of Papa Murphy’s Holdings, Inc. stated, “Jean Birch has a long and successful track record leading franchised restaurant concepts and has been a key member of our Board. The management team and I look forward to working with Jean in her new capacity as Chair of the Board as we and our franchise owners continue to execute on the strategies that we believe will drive profitable long-term growth for both our shareholders and our franchise owners.”
The appointment of Jean Birch follows the resignation of current Chair, John Barr, effective on the same date. Mr. Barr has served as Chair of the Company’s Board since the Company’s IPO and has served in various capacities at predecessor companies since 2004.
Calwell continued, “On behalf of the Board and Company, I would like to thank John for his dedicated service to Papa Murphy’s and the contributions he has made to the Company over the years. Under John’s leadership, the system nearly doubled from both a unit and a sales perspective. We all wish him the best in the future.”
At this time, the Board has determined not to fill the vacancy created by Mr. Barr’s resignation.
Mr. Barr stated, “I am grateful for my long association with Papa Murphy’s and consider it a privilege to have been able to lead the Company in varying capacities. I am particularly appreciative of the support I’ve received from the Board as well as the senior management team during my tenure. I believe Papa Murphy’s is a uniquely positioned brand with a strong, loyal consumer following and positive outlook for 2017 and beyond.”
About Papa Murphy’s
Papa Murphy's Holdings, Inc. (Nasdaq:FRSH) is a franchisor and operator of the largest Take ‘N' Bake pizza brand in the United States, selling fresh, hand-crafted pizzas ready for customers to bake at home. The company was founded in 1981 and currently operates more than 1,500 franchised and corporate-owned fresh pizza stores in 38 States, Canada and United Arab Emirates. Papa Murphy's core purpose is to bring families together through food people love with a goal to create fun, convenient and fulfilling family dinners. In addition to scratch-made pizzas, the company offers a growing menu of grab 'n' go items, including salads, sides and desserts. Order online today at www.papamurphys.com.
Investor Contact: Fitzhugh Taylor, ICR [email protected] 877-747-7272 Media Contact: Jessica Liddell, ICR [email protected] 203-682-8208
