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Business Observer Tuesday, Feb. 18, 2020 1 month ago

Area fast-food chain recruits Boston Market CEO to run company

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Frances Allen succeeds Rick Silva at Checkers & Rally’s.

TAMPA — Checkers & Rally’s has named Frances Allen CEO and a member of the company's board of directors, effective Feb. 17.

Allen, according to a press release, comes to the Tampa-based fast food chain from Boston Market, where she also served as CEO. She succeeds Rick Silva, who served as CEO and president of the Tampa-based, nearly 900-unit fast food chain for 13 years.

Allen, the release states, has also held executive leadership roles at Jack-in-the-Box, Denny’s, Dunkin’ Donuts, Sony Ericsson Mobile Communications, PepsiCo and Frito-Lay. Allen, according to her LinkedIn profile, also has a local tie: she was an independent board member of Clearwater-based boat giant MarineMax from November 2013 to May 2015. 

Tampa-based Checkers & Rally's boasts nearly 900 restaurants nationwide. Courtesy photo.

“I am thrilled to be joining this unique brand with so much potential for growth,” Allen states in the release. “Checkers & Rally’s will continue its tradition of putting the customer first and serving its communities by delivering high-quality, craveable food at exceptional values. There is much work to do, but I am eager to build on the company’s recent momentum and set out on this exciting journey alongside Checkers & Rally’s passionate employees and talented franchisees.”

Kevin Mailender, a partner at Oak Hill Capital, the private equity firm that owns Checkers & Rally's, thanked Silva for his many years of leadership. "Rick has played a key role in positioning the system for long-term success," he states in the release, "and we wish him well on his future endeavors.”

Checkers & Rally’s did $844.7 million in revenue in 2017, when it was publicly-traded. Private equity firm Oak Hill Capital led a management buyout of the company in 2017 for $525 million.  

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