Burger King Holdings Inc. Tuesday said three representatives from the private equity funds that own about 32% of the company's outstanding shares will resign.
David Bonderman of TPG Capital, Andrew Balson of Bain Capital Partners and Adrian Jones of the Goldman Sachs Funds have resigned, effective June 30.
Brian Swette, the company's non-executive chairman, has also resigned his position effective June 30, Burger King said.
In addition, the company said the board has appointed John Chidsey, the company's chief executive, as chairman and CEO effective July 1.
Shares closed Friday at $27.72.