Chick-fil-A Inc. founder Truett Cathy is stepping down and handing his $4.6 billion empire to his son, company COO Dan Cathy. Dan Cathy came under fire after stating that he doesn't support marriage equality last year in an interview that led to boycotts, same-sex kiss-ins, satirical sandwiches, and more. In any event, "Dan is ready to take Chick-fil-A into its next chapter of growth and stewardship," Truett Cathy says. "He has been a highly effective leader in the business and shares my commitment of being a faithful steward to all that has been entrusted to us."
According to the Atlanta Business Chronicle, Truett Cathy, who is 92, plans to leave to focus on his forthcoming Fayetteville restaurant Truett's Luau, set to open in December. The new concept will join other Truett "spinoffs": Truett's Pizza Cafe, reopening in Fayetteville this month, and three locations of Truett's Grill in McDonough, Griffin, and Morrow.
· Chick-fil-A Inc. Founder S. Truett Cathy Stepping Down [ABC]
· All Chick-fil-A Coverage [-EATL-]
[Dan Cathy at Chick-fil-A]