Sardar Biglari Named Chairman of Steak N Shake
Looks like the management at Steak N Shake (SNS) have taken a step in the right direction:
NDIANAPOLIS, June 19 /PRNewswire-FirstCall/ — The Steak n Shake Company (NYSE: SNS - News) today announced that its current board member, Sardar Biglari, has been appointed Chairman of the Board of Directors, replacing interim Chairman Wayne L. Kelley. Mr. Kelley will remain on the Board of Directors and will retain his position as Interim Chief Executive Officer until the Company concludes its search for a permanent Chief Executive Officer.
The Steak n Shake Company Announces Appointment of New Chairman of the Board
Naming Sardar Biglari as chairman of the board of directors is a good start. He should be able to command more influence with how the company is run and this is a sign that management is being more proactive to the ideas of shareholders.
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