DU SAC —Culver’s restaurant CEO Craig Culver announced
Tuesday that he will retire from the company he helped to
create, but will remain as board chairman and spokesman.
Phil Keiser, president and chief operating officer of Culver
Franchising System, Inc., will become chief executive
officer and president effective June 15.
According to the announcement, under Keiser’s leadership
since 2003, the 535-restaurant chain has surpassed the $1
billion mark in system-wide sales and opened more than 330
restaurants across 22 states.
“It’s important for every business to have a strong
succession plan so the right people are in the right
positions to lead into the future,” Culver said in a
statement about the restaurant chain. “What makes me excited
and makes my decision easier is that the reins are being
turned over to someone who has been responsible for so much
of our success for so many years.”
The promotion of Keiser, a 19-year Culver’s team member,
will take effect on the co-founder’s 65th birthday.
“Craig is a true pioneer in the restaurant industry and I’m
honored to have this opportunity,” Keiser said in a
statement. “I believe Culver’s is well positioned for the
future with a strong leadership, franchise, supplier, and
support team, and I'm very pleased that Craig will continue
to be involved in the business.”
Culver and his family established Culver’s in 1984 in their
hometown of Sauk City. Culver’s opened 34 new restaurants in
2014 with more than 40 more planned for 2015.