CKE Restaurants Holdings said Tuesday that Mr. Puzder, 66, was stepping down as chief executive of the company, which owns the Carl’s Jr. and Hardee’s chains. Mr. Puzder led a turnaround of Carl’s Jr. and Hardee’s, which were struggling amid intense competition from other burger chains when he took over in 2000. Advertisement Continue reading the main storyIn a statement on Tuesday, Mr. Puzder offered no explanation for his change of heart. A CKE spokeswoman said that neither Mr. Puzder nor Mr. Marker were available for interviews about the change of leadership at the company, which owns or franchises more than 3,800 restaurants globally. CKE also declined to comment on whether Mr. Puzder has retained his substantial ownership stake in CKE, which he had planned to sell had he been confirmed to the Labor post.

Source: New York Times March 22, 2017 00:11 UTC