Chanticleer Holdings, Inc. (NASDAQ: HOTR) ("Chanticleer," or the "Company"), owner, operator and franchisor of multiple branded restaurants in the U.S. and abroad, today announced that Gregory E. Kraut and Paul G. Porter have been appointed to the Chanticleer Board of Directors.
The company also announced that long-term board members, Mike Carroll and Paul Moskowitz, are stepping down.
Gregory E. Kraut has been a Principal of Avison Young, a commercial real estate services firm, since he founded the company's New York office in 2011. Prior to joining Avison Young, he was First Vice President of CB Richard Ellis from 2005 to 2011. Mr. Kraut has had a career of over 19 years in tenant and landlord leasing and sales representation, including acquisition, disposition and strategic planning for local and multi-market clients. He has served on several boards including the B'nai B'rith Real Estate Board of Directors and the American Israel Public Affairs Committee Real Estate Division Executive Council, and currently serves on the Board of Trustees of JCFBS, the largest social services agency in NYC. He previously served as a director of Plymouth REIT.
Paul G. Porter is the Managing Director of Siskey Capital, LLC, where he is primarily responsible for the legal oversight, structuring and management of transactions and investment initiatives for the firm's various private equity funds. Prior to joining Siskey Capital, Paul was a senior partner with McGuireWoods LLP for 15 years. During his tenure at the firm, Paul primarily concentrated his practice and expertise in the areas of mergers and acquisitions, business law, corporate governance, venture finance and management led buyouts.
Mike Pruitt, Chairman and CEO of Chanticleer Holdings, commented, "I'd like to thank Mike Carroll and Paul Moskowitz for their many years of service and contributions to Chanticleer Holdings. We are pleased to welcome Messrs. Kraut and Porter to our Board. We believe their expertise in finance, real estate and business operations respectively, as well as their combined extensive board experience, will result in meaningful contributions to Chanticleer moving forward."
