Kathryn Taylor Elected to Sonic Corp. Board of Directors
Four Current Directors Elected to New Terms
OKLAHOMA CITY, Jan 14, 2010 (BUSINESS WIRE) -- Sonic Corp. (NASDAQ: SONC), the nation's largest chain of drive-in restaurants, today announced that Kathryn L. Taylor has been elected to its Board of Directors. Her election was announced at Sonic's annual stockholders' meeting, which was held today.
Taylor currently serves as the Governor's Chief of Education Strategy and Innovation for the State of Oklahoma. Prior to her gubernatorial appointment in September 2009, Taylor served as Mayor of Tulsa, Oklahoma, a post she held since April 2006. Taylor resigned her position as Secretary of Commerce and Tourism, a governor-appointed post she'd held since 2003, to seek election to the office of Mayor of Tulsa. As Secretary of Commerce and Tourism, Taylor oversaw state economic development and tourism agencies and represented more than 2,000 state employees.
Prior to serving as Secretary of Commerce and Tourism, Taylor spent more than a decade in the travel industry as a senior officer for Dollar-Thrifty Automotive Group. Taylor also has served as an attorney and business advisor, representing franchisors expanding their concepts in the United States, Europe and Asia.
"Kathy brings a relevant mix of experience and skills to the Board. Her understanding of franchising and her business savvy, legal background and hands-on management experience will add tremendous value to Sonic and, subsequently, to stockholders," said Cliff Hudson, Chairman and Chief Executive Officer of Sonic Corp.
The Company also announced that existing directors, Douglas Benham, Federico Peña, Robert Rosenberg and Cliff Hudson, were elected to the Board. Continuing Board members not standing for re-election include Leonard Lieberman, Michael Maples, Larry Nichols, H.E. Rainbolt and Frank Richardson.
Sonic, America's Drive-In, originally started as a hamburger and root beer stand in 1953 in Shawnee, Oklahoma, called Top Hat Drive-In, and then changed its name to Sonic in 1959. The first drive-in to adopt the Sonic name is still serving customers in Stillwater, Oklahoma. Sonic has more than 3,500 drive-ins coast to coast, where more than a million customers eat every day.
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SOURCE: Sonic Corp.
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