Boston Pizza Royalties Limited Partnership
TSX : BPF.UN

Boston Pizza International Inc.

Boston Pizza International Inc.

December 02, 2010 17:40 ET

Mark Powell to Step Down as Chief Financial Officer of Boston Pizza International Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 2, 2010) - Boston Pizza International Inc. ("BPI") announced today that Mark Powell will step down as Chief Financial Officer of BPI and will be leaving the company as of December 15, 2010. In conjunction with this departure, Mr. Powell will also resign as Director and CFO of Boston Pizza GP Inc., Managing General Partner of Boston Pizza Royalties Limited Partnership ("BPRLP"), administrator of the Boston Pizza Royalties Income Fund (the "Fund") (TSX:BPF.UN).

Mark Powell joined BPI in 2001 as Chief Financial Officer and has been a Director and CFO of Boston Pizza GP Inc. since its inception in 2002.

"Mark has made significant contributions during his 9 years with Boston Pizza including his leadership role in initiating the income fund and in helping to make Boston Pizza Canada's #1 casual dining brand with more than 340 locations coast-to-coast," said BPI Co-chairman and Owner, George Melville. "On behalf of the Board, I want to thank Mark for his dedication and wish him all the best in his future endeavors." 

Wes Bews, Vice President of Finance for BPI, will replace Mark Powell on an interim basis as CFO of BPI and will also be appointed as a Director and CFO of Boston Pizza GP Inc. on an interim basis effective December 16, 2010.

BPI currently holds a 15% interest in the Fund indirectly through its interest in BPRLP.

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