Business Services Industry

Ruby Tuesday, Inc. Announces Election of Kevin Clayton to Its Board of Directors

Business Wire, July 11, 2006

MARYVILLE, Tenn. -- Ruby Tuesday, Inc. (NYSE:RI) today announced that Kevin Clayton, President and Chief Executive Officer of Clayton Homes, Inc., a Berkshire Hathaway company, has been elected to a seat on its Board of Directors. The company also said it is expanding the number of Directors from seven to eight, pursuant to its by-laws, which state that the additional director be elected by the Board.

Mr. Clayton, who has been CEO of Clayton Homes since 1999, will stand for election by Ruby Tuesday shareholders at the company's annual meeting on October 11, 2006. If elected, he will then be appointed to serve on the Nominating and Governance and the Compensation and Stock Option committees of the Board.

"We are pleased to welcome Kevin to our Board," said Sandy Beall, Chairman, Chief Executive Officer, President, and Founder of Ruby Tuesday, Inc. "He has the insight and understanding that come from leading a large, very successful company and the experience of helping to build Clayton Homes into the recognized leader in its industry and a valuable part of Warren Buffet's organization."

Ruby Tuesday owns, operates, and franchises more than 850 restaurants in the United States and around the world. Its stock is traded on the New York Stock Exchange (symbol: RI).

COPYRIGHT 2006 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement
Click Here

Content provided in partnership with Thompson Gale