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Thursday, June 22, 2000

Diageo may float BK; CEO resigns

South Florida Business Journal

Officials for Diageo (NYSE: DEO), the international food and drinks company, say it is developing the option of a partial flotation of Burger King on the NYSE as part of its commitment to maximizing value for shareholders. Dennis Malamatinas, currently CEO of Burger King, said he has decided to leave Burger King and will resign from the Diageo board Aug. 30. Colin Storm, CEO of Guinness plc, will be appointed CEO of Burger King. Stuart Fletcher, managing director of developing markets for Guinness, will assume the lead in the management of Guinness.


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