FAT BRANDS BEEFS UP SENIOR MANAGEMENT TEAM
May 18 2021 - 6:00AM
FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of
Fatburger, Johnny Rockets and seven other restaurant concepts, has
added additional depth to its senior management team with three new
hires: Allen Sussman, General Counsel; Ken Kuick, Chief Financial
Officer; and Rob Rosen, EVP Capital Markets.
“FAT Brands has experienced remarkable growth in
spite of the pandemic, opening new restaurants around the world,
and we’re not done yet,” said Andy Wiederhorn, CEO
of FAT Brands. “Bringing these three talented
professionals on-board will bring additional intellectual capital
and practical expertise to our executive team as we explore new
opportunities and consider other acquisitions.”
Although Allen Sussman is newly appointed as
General Counsel, he has worked with FAT Brands for several years
and shepherded the company through its IPO and multiple
acquisitions. He joins FAT from Loeb & Loeb LLP in Los Angeles,
where he was a partner in the Capital Markets and Corporate
Practice Groups. “I’m very excited to be joining FAT Brands
in-house at this key juncture in the company’s evolution,” he said.
“The company has a compelling story to tell, and I am eager to help
build upon the impressive growth the company has achieved, in
particular, over the last several years.”
Chief Financial Officer, Ken Kuick, most
recently served as Chief Financial Officer for Noodles &
Company (NASDAQ: NDLS). Prior to that, he was Chief Accounting
Officer for VICI Properties (NYSE: VICI), a real estate investment
trust. Ken also served as Chief Accounting Officer for Caesars
Entertainment (NASDAQ: CZR) from 2014 to 2017 and as Vice
President, Assistant Controller beginning in 2011.
Commenting on his appointment, Mr. Kuick said,
“I am thrilled to join Andy and the entire FAT Brands team and play
a role in helping to lead the organization as it continues its
growth strategy. FAT Brands has an impressive portfolio of brands,
tremendous growth potential and a dedicated team. Along with
joining the strong FAT Brands team, I am equally looking forward to
working with the amazing franchisees and serving as a resource for
them.”
Rob Rosen, EVP Capital Markets, is a Wall
Street veteran with over 30 years of experience in structured
finance, banking, lending and on the portfolio management buy-side.
Rob has worked on the banking side for Fleet Bank, Kidder Peabody
and Bank of Tokyo and has spent over 20 years working with Black
Diamond Capital Management in a variety of management, board level
and advisory capacities.
“FAT Brands’ multi-brand platform has reached a
critical mass in terms of quality holdings and infrastructure to
enable additional brand acquisitions and internal growth to be
significantly accretive from day one,” explained Rob Rosen. “A
large component of executing FAT’s organic growth strategy as well
as the acquisition roll up plan is effective use of the credit and
capital markets and a disciplined approach to future purchases. I
look forward to working with the group on all of these
aspects.”
About FAT (Fresh. Authentic. Tasty.) Brands
FAT Brands (NASDAQ: FAT) is a leading global
franchising company that strategically acquires, markets and
develops fast casual and casual dining restaurant concepts around
the world. The Company currently owns nine restaurant brands:
Fatburger, Johnny Rockets, Buffalo’s Cafe, Buffalo’s Express,
Hurricane Grill & Wings, Elevation Burger, Yalla Mediterranean
and Ponderosa and Bonanza Steakhouses, and franchises approximately
700 units worldwide. For more information, please visit
www.fatbrands.com.
Forward Looking Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including statements relating to our future
financial and operating results and future acquisitions and growth.
Forward-looking statements generally use words such as “expect,”
“foresee,” “anticipate,” “believe,” “project,” “should,”
“estimate,” “will,” “plans,” “forecast,” and similar expressions,
and reflect our expectations concerning the future. Our future
performance may differ materially from current expectations
expressed in these forward-looking statements. Forward-looking
statements are subject to significant business, economic and
competitive risks, uncertainties and contingencies including, but
not limited to, uncertainties surrounding the severity, duration
and effects of the current COVID-19 pandemic, many of which are
difficult to predict and beyond our control, which could cause our
actual results to differ materially from the results expressed or
implied in such forward-looking statements. We refer you to the
documents we file from time to time with the Securities and
Exchange Commission, such as our reports on Form 10-K, Form 10-Q
and Form 8-K, for a discussion of these and other risks and
uncertainties that could cause our actual results to differ
materially from our current expectations and from the
forward-looking statements contained in this press release. We
undertake no obligation to update any forward-looking
statement to reflect events or circumstances occurring after
the date of this press release.
MEDIA
CONTACT: Erin
Mandzik, JConnellyemandzik@jconnelly.com 862-246-9911
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