DALLAS, April 26,
2023 /PRNewswire/ -- Today, Wingstop (NASDAQ: WING) –
the global chicken chain with nearly 2,000 restaurants worldwide –
announced the appointment of Raj Kapoor as SVP, President of
International. Raj will be responsible for driving Wingstop's
growth and development strategy for markets outside of the U.S. and
oversee the performance of the brand's existing international
markets.
Raj joins Wingstop from 7-Eleven, where he spent 28 years in a
variety of leadership roles including VP of International; SVP and
Chief Information Officer; and, most recently, SVP of Fresh Food,
Beverage and Restaurants. Throughout his tenure, he was responsible
for numerous functions including logistics, sales and
merchandising, operations and more.
"I'm excited to have Raj join the Wingstop team as we embark on
our next phase of growth," said Wingstop's President & CEO
Michael Skipworth. "Our
international business has incredible momentum and I'm confident
Raj's leadership will further support our vision of scaling to more
than 3,000 international units and becoming a Top 10 Global
Restaurant Brand."
This announcement comes on the heels of the first restaurant
opening in South Korea – with the
potential to operate 200-250 in the country – contributing to the
established target of 7,000 plus restaurants globally.
About Wingstop
Founded in 1994 and headquartered in
Dallas, TX, Wingstop Inc. (NASDAQ:
WING) operates and franchises more than 1,950 locations worldwide.
The Wing Experts are dedicated to Serving the World Flavor through
an unparalleled guest experience and use of a best-in-class
technology platform, all while offering classic and boneless wings,
tenders, and chicken sandwiches, always cooked to order and hand
sauced-and-tossed in fans' choice of 11 bold, distinctive flavors.
Wingstop's menu also features signature sides including fresh-cut,
seasoned fries and freshly-made ranch and bleu cheese dips.
In fiscal year 2022, Wingstop's system-wide sales increased
16.8% to approximately $2.7 billion,
marking the 19th consecutive year of same store sales growth. With
a vision of becoming a Top 10 Global Restaurant Brand, our system
is comprised of independent franchisees, or brand partners, who
account for approximately 98% of Wingstop's total restaurant count
of 1,959 as of December 31, 2022.
A key to this business success and consumer fandom stems from
The Wingstop Way, which includes a core value system of being
Authentic, Entrepreneurial, Service-minded, and Fun. The Wingstop
Way extends to the brand's environmental, social and governance
platform as Wingstop seeks to provide value to all
stakeholders.
Rounding out a strong year in 2022, the Company
made Technomic 500's "Fastest Growing Franchise"
list, was ranked #16 on Entrepreneur
Magazine's "Franchise 500," won Fast Casual's Excellence
in Food Safety award, and was named to Fast Company's "The World's
Most Innovative Companies" list ranking #4 in the dining category.
For more information
visit www.wingstop.com or www.wingstop.com/own-a-wingstop and
follow @Wingstop on Twitter, Instagram, Facebook, and TikTok. Learn
more about Wingstop's involvement in its local communities
at www.wingstopcharities.org.
Media Contact
Megan Sprague
media@wingstop.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/wingstop-appoints-raj-kapoor-as-svp-president-of-international-as-brand-sets-its-sights-on-7-000-units-globally-301808781.html
SOURCE Wingstop Restaurants Inc.