CEC ENT : Richard T. Huston, Executive Vice President, Marketing and Entertainment of CEC Entertainment, Inc. Announces Intention to Retire
02/28/2011| 04:15pm US/Eastern
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Richard T. Huston, CEC Entertainment, Inc. (NYSE:CEC) Executive Vice
President, Marketing and Entertainment, has announced his intention to
retire from the Company later this year once a successor has been named
and fully transitioned into the position. In conjunction with his
retirement from the Company, Mr. Huston announced that he intends to
serve out his current term on the Company's Board of Directors and will
not stand for reelection at the Company's 2011 Annual Shareholders
meeting.
Mr. Huston has served as Executive Vice President of Marketing and
Entertainment of the Company since November 2006 and prior to that time,
he served as Executive Vice President of Marketing from July 1986 to
October 2006. He joined the Company in 1985 and has served as a member
of the Board of Directors of the Company since 1999.
?Dick has been an important leader at Chuck E. Cheese's for over 25
years. It is evident to everybody who works with Dick that his character
and integrity are beyond reproach and his marketing and entertainment
expertise has been an integral part of developing the Chuck E. Cheese's
brand in the United States and around the world,? said Michael H.
Magusiak, President and Chief Executive Officer of CEC Entertainment.
?Throughout Chuck E. Cheese's history, Dick expertly guided our
marketing, advertising and concept evolution, including devising
strategies that helped fuel the growth and recognition of one of
America's favorite characters and most respected brands – Chuck E.
Cheese's. We are indebted to Dick for his many contributions, and wish
him nothing but the very best for the future.?
Richard M. Frank, Executive Chairman of the Company, added, ?Dick was
the first officer I hired at the Company back in 1985 and not only has
he served our Company with the highest level of leadership,
professionalism, commitment and integrity, he is one of the best
individuals I've had the privilege of knowing. Dick has built an
exceptional group of marketing and advertising professionals and leaves
behind a team embedded with the legacy of his passion for the Chuck E.
Cheese's brand. We greatly appreciate his contributions to the Company
and are confident our marketing team will continue to represent the core
values of the Chuck E. Cheese's brand – just as Dick has done over the
last 25 years.?
Mr. Huston stated, ?Over the past 25 years at CEC, I've been privileged
to have worked with many incredibly talented people. I'm proud to have
been part of the team that has built Chuck E. Cheese's into the iconic
national brand that it is. Chuck E. Cheese's is truly the family
destination Where a Kid can be a Kid.?
About CEC Entertainment, Inc.:
For more than 30 years, CEC Entertainment has served as the nationally
recognized leader in family dining and entertainment and the place Where
a Kid can be a Kid®. The Company and its franchisees operate a system of
553 Chuck E. Cheese's stores located in 48 states and seven foreign
countries or territories. Currently, 507 locations in the United States
and Canada are owned and operated by the Company. CEC Entertainment,
Inc. and its franchises have the common goal of creating lifelong
memories for families through fun, food and play. Each Chuck E. Cheese's
features musical and comic robotic entertainment, games, rides and play
areas as well as a variety of dining options including pizza,
sandwiches, a salad bar and desserts. Committed to providing a fun, safe
environment, Chuck E. Cheese's helps protect families through
industry-leading programs such as Kid Check®. Chuck E. Cheese's aims to
promote positive, lifelong memories inside and outside of its stores. In
addition to providing a fun entertainment experience for millions of
families across the world, Chuck E. Cheese's has donated more than $6
million to schools and non-profit institutions through its fundraising
programs. For more information, see the company's website at www.chuckecheese.com.
CEC Entertainment, Inc.
Tiffany B. Kice, 972-258-4525
Executive
Vice President
Chief Financial Officer
© Business Wire 2011
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