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EXCLUSIVE PODCAST: Surviving the Downturn Panel Discussion | WEEK 1: The Recession's Impact on the Restaurant Industry.

R&I and Chain Leader present a series of weekly podcasts addressing the challenges posed to foodservice by the economic slowdown--and offering insights from leading industry experts. Week 1: The Recession's Impact on the Restaurant Industry.

-- Chain Leader, 10/15/2008 5:16:00 PM

WEEK 1: The Recession's Impact on the Restaurant Industry Surviving the Downturn podcast; R&I; Chain Leader
Listen to or download podcast
PANELISTS
Moderator: David Farkas, Senior Editor, Chain Leader
Current Week's Podcast

Robert M. Derrington, Managing Director, Morgan KeeganRobert M. Derrington, Managing Director, Morgan Keegan
Robert M. Derrington joined Morgan Keegan in June 2001. He received his BS in Business from the University of Missouri-St. Louis and attended the Washington University Graduate School of Business in St. Louis. Derrington has tracked the restaurant industry for over 20 years now, first as a franchisee and restaurant operator and second as senior restaurant analyst. Prior to joining Morgan Keegan, he served as director and senior restaurant analyst at SunTrust Equitable Securities from 1994 to 2001.

Awards:

  • Financial Times/Star Mine 2008 Global Analyst Awards
  • Ranked No. 2 Earnings Estimator among restaurant industry analysts
    Forbes.com/StarMine 2005, 2006 Rankings of Wall Street's Best Brokerage Analysts.
  • In 2006, ranked No. 1 earnings estimator among restaurant analysts.
  • In 2005, ranked No. 2 earnings estimator among restaurant analysts.
    The Wall Street Journal Best on the Street Analyst Survey in 2004, 2001 and 2000.
  • In 2004, ranked No. 4 among 27 restaurant analysts.

Disclosures: Morgan Keegan & Co., Inc. expects to receive or intends to seek compensation for investment banking services from CEC, CHUX, RARE, RT, TXRH, BJRI, RRGB and CBRL in the next 3 months.

An affiliate of Morgan Keegan & Company, Inc. received compensation for products or services other than investment banking from this company in the past 12 months: CHUX, PNRA, CBRL, CEC, APPB, DRI, RARE, RT

Chris Muller teaches on the topics of multi-unit restaurant management, branding and growth at University of Central Florida's Rosen College of Hospitality Management.Chris Muller teaches on the topics of multi-unit restaurant management, branding and growth at University of Central Florida's Rosen College of Hospitality Management. He also has worked in, created, owned or operated several restaurants over the years. He writes the Starters blog for R&I and operates the Leader of Change Web site.

Louis J. (Dusty) Profumo, EVP & Chief Financial Officer, Church’s ChickenLouis J. (Dusty) Profumo, EVP & Chief Financial Officer, Church’s Chicken
Profumo has more than 25 years of varied and progressive growth in financial management positions and extensive experience in the restaurant and hospitality industries.  As CFO and EVP of Church’s he has responsibility for business planning, accounting, tax, investor and lender relations, risk management and supply chain.

Prior to joining Church’s in January 2005, he served as Chief Financial Officer of Avado Brands, Inc. a casual dining restaurant company with two brands: Don Pablo’s Mexican Kitchens and Hops Restaurant Bar and Microbrewery.  Profumo was responsible for all financial functions as well as information technology and human resources.  He was also responsible for leading the company’s successful divestiture of its 279 Applebee’s franchise restaurants, generating in excess of $500 million of proceeds.

Profumo was also Chief Financial Officer of Randstad North America (RNA), the North American subsidiary of one of the largest publicly traded employment solutions and staffing companies in the world.  At the time RNA employed over 50,000 workers and had revenues exceeding $1.2 billion.

Profumo began his professional career with KPMG Peat Marwick in 1974 where, prior to his departure in 1997, he served as an audit partner in the firm’s manufacturing, retailing, and distribution practice, specializing in restaurant industry clients.Profumo received both a B.S. in Hotel Administration and a M.B.A. from Cornell University. He is a certified public accountant and a member of the American Institute of CPA’s, Georgia Society of CPA’s and Financial Executives International.

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