INDIANAPOLIS The Steak n Shake Co. said late Thursday that company chairman and well-known activist investor Sardar Biglari was named chief executive of the beleaguered operator-franchisor earlier this week after the resignation of interim CEO Wayne Kelley. Steak n Shake, which operates or franchises about 490 namesake restaurants, said a search was under way for a chain president, or an executive “focused on restaurant operations.” The former interim president at Steak n Shake, ...

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