Five Star Quality Care, Inc. (NYSE Amex: FVE) recently announced that Paul V. Hoagland will be appointed Treasurer and Chief Financial Officer. Mr. Hoagland was employed 2001-2008 by Friendly’s Corporation of Wilbraham, MA, a company which owns, operates and franchises restaurants and also is engaged in manufacturing and wholesale sales of food products. Friendly’s was a public company during Mr. Hoagland’s employment until it was acquired by private equity investors in 2007. Mr. Hoagland was Executive Vice President and Chief Financial Officer of Friendly’s 2003-2008, and previously served as Senior Vice President and Chief Financial Officer 2001-2003.
Prior to his employment by Friendly’s, Mr. Hoagland was Executive Vice President of Administration and Chief Financial Officer of NE Restaurant Company, Inc. of Maynard, MA, a publicly owned multi-concept restaurant company (1991-2001) and before then he held finance positions in Grand Metropolitan plc (now Diageo plc) and its USA and European subsidiaries. Mr. Hoagland has a MBA degree from Northeastern University in Boston, MA and a BS degree in accounting from Central Connecticut State University in New Britain, CT. Among other civic activities, Mr. Hoagland is a member of the Board of Directors of the Massachusetts Society for the Prevention of Cruelty to Children (2001 to present).
Mr. Hoagland will replace Francis R. Murphy as Treasurer and CFO of Five Star. Mr. Murphy intends to remain at Five Star for a transition period to assist Mr. Hoagland with his new responsibilities. Mr. Hoagland’s appointment and Mr. Murphy’s termination as Treasurer and Chief Financial Officer will be effective as of January 1, 2010.