Wednesday, February 6, 2013

Mrs. Fields CEO Overdone After Year Under Carlyle

Nation's Restaurant News reported:

Famous Brands International chief executive Tim Casey has stepped down to “pursue the next chapter in his career,” the Broomfield, Colo.-based parent of the TCBY frozen yogurt and Mrs. Fields cookies concepts said Tuesday.

Casey also oversaw the company’s January 2012 recapitalization, after which private-equity firm Z Capital Partners LLC and global asset management firm The Carlyle Group took over as majority stakeholders.

After a year under PEU ownership, Casey is ready for the next chapter.