James R. Arabia

JAMES R. ARABIA has served as Chairman of the Board, Chief Executive
Officer and President of the Company since its emergence from bankruptcy
on February 19, 1997 and as President of Sybra, Inc. since September
1997. Prior to February 19, 1997, Mr. Arabia served as Chairman of the
Equity Committee. From 1982-1997, Mr. Arabia provided financial advisory
and investment banking advisory services to a variety of private
clients.