Ruth’s Hospitality Group, Inc. Announces CFO Transition
November 12 2020 - 4:05PM
Business Wire
Kristy
Chipman’s Appointment Effective November 30, 2020
Ruth's Hospitality Group, Inc. (Nasdaq: RUTH) today announced
that Kristy Chipman has been appointed Chief Financial Officer,
effective November 30, 2020. Ms. Chipman will succeed Arne Haak,
who will be stepping down from the role. Mr. Haak will remain with
Ruth’s Hospitality Group as a strategic advisor through early 2021
to facilitate a seamless transition.
Cheryl Henry, President and Chief Executive Officer of Ruth’s
Hospitality Group, Inc., stated, “Throughout her extensive career,
Kristy has demonstrated strong financial leadership through a
combination of strategic finance, development, and corporate
financial planning and analysis experience. We are thrilled to have
her join the Ruth’s team and look forward to benefiting from her
well-established credentials and executive leadership
abilities.”
Henry continued, “We would also like to thank Arne for his
contributions to Ruth’s over the past nine years. He has played an
important role in the execution of our total return strategy, which
will continue to be the cornerstone of our strategic efforts going
forward. We are appreciative of his support during the transition
period and we wish him well in his future endeavors.”
Arne Haak added, “I’m incredibly proud of what we’ve
accomplished at Ruth’s Chris over the last 9 years. We’ve smartly
expanded our portfolio of restaurants and built a culture of
excellence throughout the organization. I would like to thank
Cheryl, the Board of Directors, the Senior Leadership Team, and my
team, as well as all of our franchisees and operating team members.
Ruth’s Chris is an incredible business, and I am very optimistic
about the future of the Company.”
Kristy Chipman is a well-rounded finance leader with over 25
years of experience in best-in-class consumer and publicly-traded
restaurant companies. Previously, Ms. Chipman served as Chief
Financial Officer for Orangetheory Fitness, where she led the
finance and accounting team of the high-growth global fitness
franchise with over 1,300 studios located throughout the US and
internationally. Before joining Orangetheory, she was the Vice
President of Finance and Treasurer at Domino’s Pizza, Inc., where
she developed a three-year roadmap for the finance team as well as
successfully redesigned the Company’s international finance
structure. Prior to Domino’s, she held various finance leadership
positions at McDonald’s Corporation, most recently as a Senior
Director, Corporate Controller Group. During her tenure, she was
responsible for developing plan targets for income, capital and
G&A, and providing analysis to top management on business
strategies.
Ms. Chipman received her B.A. degree in Accounting from Illinois
Wesleyan University in Bloomington, IL, and her M.B.A. (with
focused coursework in Marketing and Finance) from the Kellstadt
Graduate School of Business at DePaul University in Chicago, IL.
She is a Certified Public Accountant licensed by the state of
Illinois.
About Ruth’s Hospitality Group
Ruth's Hospitality Group,
Inc., headquartered in Winter Park, Florida, is the largest fine
dining steakhouse company in the U.S. as measured by the total
number of Company-owned and franchisee-owned restaurants, with over
140 Ruth’s Chris Steak House locations worldwide specializing in
USDA Prime grade steaks served in Ruth’s Chris’ signature fashion –
“sizzling.”
For information about our
restaurants or to purchase gift cards, please visit
www.RuthsChris.com. For more information about Ruth’s Hospitality
Group, Inc., please visit www.rhgi.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20201112006020/en/
Investor Relations Contact Fitzhugh Taylor Email: investor@rhgi.com
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