S. Truett Cathy, founder and chairman of Chick-fil-A Inc., is stepping down from the helm of the $4.6 billion company,
the
Atlanta Business Chronicle
reported.
He will be succeeded by his son Dan Cathy, the COO, the article said.
Chick-fil-A has introduced new restaurant spinoffs named “Truett” in honor of the founder, including Truett’s Grill, Truett’s Pizza Café and Truett’s Luau, the article said.
A statement made last year by Dan Cathy that Chick-fil-A supports “the biblical definition of the family unit” sparked a boycott of the company by gay-rights activists.
The company has more than 1,765 restaurants in 39 states and Washington, D.C., the article said. (Source:
Atlanta Business Chronicle,
Nov. 7, 2013.)
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