Clyde E. Culp, III

clyde-culpIn 1967 to 1971, Mr. Culp started his career in Marketing Brand Management at Procter and Gamble. Culp began his hospitality experience in 1971 as Executive Vice President of Krystal Co., a chain of hamburger restaurants, and served on its Board until 1990. In 1975, he created Davco Foods with five partners. As CEO, Mr. Culp directed Davco’s growth to become the largest franchisee of Wendy’s hamburger restaurants in the world with 146 units and sales of approximately $150 million when he sold the business in 1987.

Beginning in 1988, Mr. Culp worked for Promus Hotel Company, first as Chief Operating Officer of Holiday Inn Hotels, until it was sold in 1990, and then served as CEO of Embassy Suites Hotels from 1990 to 1993. From 1993 to June 1996, he served as President and CEO of Long John Silver’s, a chain of 1500 owned and franchised fast served seafood restaurants with nearly $1 billion in system-wide sales. Mr. Culp has been involved in a number of businesses since 1996. He served as acting chairman of Tanners Restaurant Group, a public restaurant company, from October 1996 to March 1999.

Mr. Culp served as a director of Uptown Restaurant Group, also a public company that owned New York Burrito Gourmet Wraps, New York Subs & Sandwiches and One Potato Two Franchising Corp. from September 1999 until July 2002 when UPTW was sold. From August 2002 until March 2006 he served as Executive Vice President and Director of New York New York Franchising, Inc., franchisor of New York NY Fresh Deli restaurants.

Mr. Culp served as an advisor to the Shoney’s restaurant chain, with approximately 550 restaurants, and Captain D’s restaurant chain, with approximately 550 restaurants, from April 2001 to April 2004 when he became Chairman of Captain D’s in order to facilitate the sale of the chain, which was sold in December 2004. He is also a director of Passport Restaurants, Inc.

Since January 2004, Mr. Culp has been a Director of Annapolis Bancorp, a publicly traded bank. Additionally he sits on the Boards and has financial interests in several privately held companies including New York Fresh Deli, a franchised deli concept and Caribbean Restaurant Concepts, where he also serves as Chairman. He was majority owner and Chairman of McHenry Metals Gold Designs, a manufacturer of premiuim drivers and putters until sold in 2003.

Mr. Culp has a BA Degree in Business from The College of William & Mary and an MBA in Marketing and Finance from New York University. He is active on several community boards and until most recently served as President of the Alumni Association of the College of William & Mary, Williamsburg, VA.