Huffpost Business

CEO's Son Miraculously Wins Dad's Job

Posted: Updated:
FILE - In this July 26, 2006 file photo, Chick-Fil-A founder Truett Cathy reacts during an interview at his corporate headquarters office in Hapeville, Ga. It is not entirely clear wether Chick-fil-a has definitely ended its financial support for groups that oppose same-sex unions. But a statement issued by the company Wednesday, Sept. 20, 2012, just months after its chief spoke against gay marriage, indicates it now plans to keep its distance from the more controversial views held by its Southe | AP

NEW YORK -- NEW YORK (AP) — Chick-fil-A founder Truett Cathy is retiring as chairman and CEO. His son, Dan Cathy, will take on both roles.

Truett Cathy, 92, will assume the title of founder and chairman emeritus of the restaurant chain. The company said in a statement that he will continue to concentrate on his entrepreneurial work. This includes his new restaurant concept, Truett's Luau, opening in Fayetteville, Ga. in December.

Truett Cathy founded Chick-fil-A in 1967.

Dan Cathy currently serves as president and chief operating officer of Chick-fil-A Inc. He will retain the title of president when he becomes chairman and CEO.

Privately held Chick-fil-A is based in Atlanta. It has more than 1,765 restaurants in 39 states and Washington D.C. The company's 2012 sales were $4.6 billion.

Also on HuffPost:

What The GOP Doesn't Want You To Know About The Deficit
Share this
Current Slide

Suggest a correction

Around the Web

Chick-Fil-A Founder Retiring as CEO, Chairman

John Lewis, Chick- fil- A's Dan Cathy to Be Honored at 'Equal Opportunity Day ...

3 arrested in Troy for manufacturing Meth

Digging deeper: Details on ASU's 4 presidential candidates