dq050808
On the homepage
Sunday's paper
Out There
Homegirls
Gardens
New CEO for Dairy Queen
Print this story
E-mail this story
Save to del.icio.us
Share on Facebook
Share on Digg
Minnesota business by the numbers
See Minnesota's top earning companies, CEOs and non-profits
More from Business
International Dairy Queen Inc., the Edina-based frozen-treat restaurant chain owned by Warren Buffett, said today that the company's chief executive, Chuck Mooty, will step aside effective July 1.
His successor as president and CEO will be John Gainor, 51, who has been Dairy Queen's chief supply chain officer since joining the company in 2003.
Mooty, 47, will remain chairman until the end of the year. He has led Dairy Queen since 2001 and has been with the company for 21 years.
Dairy Queen has been owned since 1998 by Berkshire Hathaway Inc., the investment company owned by Buffett. Berkshire doesn't break out Dairy Queen's numbers, but the chain has been investing heavily in new store concepts (notably "Grill & Chill" stores), advertising and international expansion.
Recent Business stories
Bob Evans moves to profit in 3rd quarter but results miss expectations, shares fall - May 7, 2008
Bob Evans moves to profit in 3rd quarter but results miss expectations, shares fall - Restaurant operator Bob Evans Farms Inc. late Tuesday reported that it moved to a profit in its third quarter, but results missed Wall Street's expectations and sent shares down in after-hours trading. More
Comment on this story | Read all 3 comments | Hide reader comments