FAT Brands Announces Jeremy Theisen as Chief Growth Officer

Rhea-AI Summary

FAT Brands announces the hiring of Jeremy Theisen as its first Chief Growth Officer, aiming to enhance the company's growth trajectory. Theisen brings over 20 years of experience in revenue generation within the restaurant sector, most notably increasing PathSpot's revenue by 15 times in two years. The decision aligns with FAT's strategy of expanding its franchise network and development pipeline. CEO Andy Wiederhorn emphasizes the company’s record-breaking growth and the importance of both acquisitions and organic development.

Positive

• Hiring of Jeremy Theisen as Chief Growth Officer to drive expansion.
• Theisen's past success includes increasing revenue at PathSpot by 15 times in 24 months.
• FAT Brands experienced record-breaking growth in new openings this year.

Negative

• None.

Global Restaurant Franchising Company Hires Experienced C-Suite Growth Leader to Drive Expansion Efforts

LOS ANGELES, Nov. 14, 2022 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., announces the hiring of its first Chief Growth Officer, Jeremy Theisen. Theisen joins FAT Brands with over 20 years of experience in significantly increasing the revenue stream for high-growth start-ups in the restaurant sector and will be focused on spearheading the growth of the development pipeline across the FAT Brands portfolio. This includes bringing new franchisees into the system and driving multi-unit expansion with existing franchisees.

Prior to joining FAT Brands, Theisen served as Chief Revenue Officer of PathSpot, a hygiene management system geared towards the foodservice industry, where he not only grew the company’s contracted revenue by 15 times in 24 months, but also, was key in their overseas expansion in Europe and Australia. Theisen also served as Chief Sales Officer of Punchh, the restaurant industry leader in loyalty and engagement programs, where he saw the company through its launch to generating $50 million in revenue prior to being acquired by Par Technology Corporation several years later. Other experiences include Google and Truaxis, a loyalty rewards and personalized statement solutions company owned by MasterCard.

“Over the last several years, FAT Brands continues to reach new heights from a growth perspective,” said FAT Brands CEO Andy Wiederhorn. “While our acquisition strategy has been a key mechanism for growth, we have also been heavily invested in building out our deep, organic pipeline. This year has already been record-breaking from an opening standpoint, and we are just getting started. Jeremy is a great addition to our team to drive this growth forward exponentially in the years to come. His experience of quickly scaling companies from start-ups to industry leaders aligns with our fast-paced growth mentality.”

“I am excited for the new journey ahead at FAT Brands,” said Jeremy Theisen. “I have had the pleasure of working with the company while at my other ventures and have been amazed at the growth they have achieved. What was once Fatburger has now transformed into a 17-concept portfolio with a strong worldwide presence. I look forward to adding to the already strong growth trajectory of the company and forging new relationships with new and existing franchisees.”

For more information on FAT Brands, visit www.fatbrands.com.

###

About FAT (Fresh. Authentic. Tasty.) Brands

FAT Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets, and develops fast casual, quick-service, casual dining, and polished casual dining concepts around the world. The Company currently owns 17 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo’s Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises and owns over 2,300 units worldwide.

MEDIA CONTACT:
Erin Mandzik, FAT Brands
emandzik@fatbrands.com
860-212-6509

FAQ

Who is the new Chief Growth Officer of FAT Brands?

Jeremy Theisen has been appointed as the new Chief Growth Officer of FAT Brands.

What is FAT Brands' core strategy for growth?

FAT Brands focuses on acquiring new franchises and expanding its development pipeline.

How many restaurant brands does FAT Brands currently own?

FAT Brands owns 17 restaurant brands.

What significant achievement did Jeremy Theisen have at PathSpot?

At PathSpot, Jeremy Theisen increased the company's contracted revenue by 15 times within 24 months.

What is the stock symbol for FAT Brands?

The stock symbol for FAT Brands is FAT.