Jollibee Foods Corporation (JFC), through its wholly-owned subsidiary Bee Good! Inc. has acquired Smashburger Master LLC's 15% stake in SJBF LLC. Mr. Thomas C. Ryan, CEO of Smashburger brand, being appointed as JFC group’s chief product development advisor effective immediately. He remains as Smashburger’s CEO. JFC also announced that Mr. Jose A. Minana, Currently JFC country head for North America will assume additional responsibility as President of Smash Burger.