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operation
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Wolman, a fervent yachtsman with extensive experience working in luxury hotels around North America, is the perfect fit to oversee Delta King's operations. The company's high debt balance and weak historical free cash flow performance are the result of several factors, including inattentive management of Burger King's operations by its former ownership, the incurrence of additional debt in conjunction with both the company's December 2002 buyout and its 2006 dividend payment, and significant recent investments in the global reorganization of Burger King and the operating turnaround of its franchisee base. The company's high debt balance and weak historical free cash flow performance are the result of several factors, including inattentive management of Burger King's operations by its former ownership, the incurrence of additional debt in conjunction with both the company's December 2002 buyout and its 2006 dividend payment, and significant recent investments in the global reorganization of Burger King and the operating turnaround of its franchisee base. |
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