Bob Evans Names Chairman

CEO Steven Davis adds a title.
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Bob Evans

(BOBE)

named CEO Steven Davis to an added chairman's post and tapped Michael Gasser for the lead independent director post.

The Columbus, Ohio, restaurant and foodservice outfit also declared a 14-cent regular quarterly dividend, payable Dec. 1 to holders of record Nov. 20.

Davis, 47, joined Bob Evans Farms as chief executive on May 1.

He was previously with

Yum! Brands

(YUM) - Get Report

for 13 years, where he most recently served as president of Long John Silver's and A&W All-American Food Restaurants.

"Steve Davis has done an outstanding job as the company's chief executive officer in his first six months, and his appointment to the additional position of chairman of the board is well-deserved," said Gasser. "His broad knowledge of the restaurant and packaged foods industries, disciplined management style and tremendous enthusiasm are clearly benefiting Bob Evans Farms."

The board of directors adopted the majority voting standard and authorized the proposal to declassify the board in response to stockholder views raised at this year's annual meeting.