Sonic Corp. said late Thursday that Scott McLain would resign as president of the drive-in restaurant operator effective March 31.
The Oklahoma City, Okla.-based company said McLain, who has been with Sonic for 17 years, would continue to work with the brand “in a transition role through the end of June 2013.”
Sonic added that Cliff Hudson, the current chairman and chief executive, would assume the title of president upon McLain’s resignation. The company said McLain’s responsibilities would be allocated among the company’s management.
“The Sonic brand is in a very good place, and I am ready for a new challenge,” McLain said in a statement. McLain joined Sonic in 1996 as treasurer. He was named chief financial officer in 1997 and president in 2004.
Hudson said, “Scott has made numerous and substantial contributions to Sonic, and we would like to thank him for his work and commitment to the brand.
“We would also like to thank him for staying on to assure a smooth transition,” Hudson added.
Sonic owns and franchises more than 3,500 drive-in restaurants.
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