Twin Hospitality Group Announces Leadership Transition
Twin Hospitality Group (Nasdaq: TWNP) announced a significant leadership transition as CEO Joe Hummel and Chief Legal Officer Clay Mingus will depart effective April 10, 2025, to pursue other opportunities. Ken Kuick, the current CFO, has been appointed Interim CEO, while Allen Sussman from FAT Brands Inc. will serve as Interim Chief Legal Officer.
Both departing executives played important roles in the company's growth over the past 14 years, including its successful IPO. Despite the leadership changes, Twin Peaks maintains its expansion plans, having opened two new lodges in 2025 with plans to add approximately seven to nine additional units this year. The company currently boasts a development pipeline of over 100 units.
Twin Hospitality Group (Nasdaq: TWNP) ha annunciato una significativa transizione nella leadership, poiché il CEO Joe Hummel e il Chief Legal Officer Clay Mingus lasceranno le loro cariche a partire dal 10 aprile 2025, per perseguire altre opportunità. Ken Kuick, attuale CFO, è stato nominato CEO ad interim, mentre Allen Sussman di FAT Brands Inc. assumerà il ruolo di Chief Legal Officer ad interim.
Entrambi gli executive in partenza hanno svolto ruoli importanti nella crescita dell'azienda negli ultimi 14 anni, inclusa la sua IPO di successo. Nonostante i cambiamenti nella leadership, Twin Peaks mantiene i suoi piani di espansione, avendo aperto due nuovi lodge nel 2025 con l'intenzione di aggiungere circa sette a nove ulteriori unità quest'anno. Attualmente, l'azienda vanta un pipeline di sviluppo di oltre 100 unità.
Twin Hospitality Group (Nasdaq: TWNP) anunció una importante transición en el liderazgo, ya que el CEO Joe Hummel y el Chief Legal Officer Clay Mingus dejarán sus cargos a partir del 10 de abril de 2025, para buscar otras oportunidades. Ken Kuick, el actual CFO, ha sido nombrado CEO interino, mientras que Allen Sussman de FAT Brands Inc. ocupará el cargo de Chief Legal Officer interino.
Ambos ejecutivos que se van han desempeñado roles importantes en el crecimiento de la empresa durante los últimos 14 años, incluida su exitosa OPI. A pesar de los cambios en el liderazgo, Twin Peaks mantiene sus planes de expansión, habiendo abierto dos nuevos lodges en 2025 con planes de agregar aproximadamente siete a nueve unidades adicionales este año. Actualmente, la empresa cuenta con un pipeline de desarrollo de más de 100 unidades.
Twin Hospitality Group (Nasdaq: TWNP)는 CEO Joe Hummel과 Chief Legal Officer Clay Mingus가 2025년 4월 10일부로 다른 기회를 추구하기 위해 떠난다고 발표했습니다. 현재 CFO인 Ken Kuick가 임시 CEO로 임명되었으며, FAT Brands Inc.의 Allen Sussman이 임시 Chief Legal Officer로 임명될 것입니다.
두 명의 퇴임하는 임원은 지난 14년 동안 회사의 성장에 중요한 역할을 했으며, 성공적인 IPO를 포함합니다. 리더십 변화에도 불구하고, Twin Peaks는 2025년에 두 개의 새로운 로지를 열고 올해 약 7에서 9개의 추가 유닛을 추가할 계획을 가지고 있어 확장 계획을 유지하고 있습니다. 현재 회사는 100개 이상의 유닛을 개발할 수 있는 파이프라인을 보유하고 있습니다.
Twin Hospitality Group (Nasdaq: TWNP) a annoncé une transition significative au sein de sa direction, avec le départ du CEO Joe Hummel et du Chief Legal Officer Clay Mingus, effectif le 10 avril 2025, pour poursuivre d'autres opportunités. Ken Kuick, l'actuel CFO, a été nommé CEO par intérim, tandis qu'Allen Sussman de FAT Brands Inc. sera le Chief Legal Officer par intérim.
Les deux dirigeants sortants ont joué des rôles importants dans la croissance de l'entreprise au cours des 14 dernières années, y compris lors de son introduction en bourse réussie. Malgré ces changements de direction, Twin Peaks maintient ses plans d'expansion, ayant ouvert deux nouveaux lodges en 2025 avec l'intention d'ajouter environ sept à neuf unités supplémentaires cette année. L'entreprise dispose actuellement d'un pipeline de développement de plus de 100 unités.
Twin Hospitality Group (Nasdaq: TWNP) gab einen bedeutenden Führungswechsel bekannt, da CEO Joe Hummel und Chief Legal Officer Clay Mingus am 10. April 2025 ausscheiden werden, um andere Möglichkeiten zu verfolgen. Ken Kuick, der derzeitige CFO, wurde zum Interim-CEO ernannt, während Allen Sussman von FAT Brands Inc. als Interim Chief Legal Officer fungieren wird.
Beide scheidenden Führungskräfte spielten in den letzten 14 Jahren eine wichtige Rolle im Wachstum des Unternehmens, einschließlich des erfolgreichen Börsengangs. Trotz der Veränderungen in der Führung behält Twin Peaks seine Expansionspläne bei und hat 2025 zwei neue Lodges eröffnet, mit dem Ziel, in diesem Jahr etwa sieben bis neun weitere Einheiten hinzuzufügen. Das Unternehmen verfügt derzeit über eine Entwicklungspipeline von über 100 Einheiten.
- Strong development pipeline with over 100 units planned
- Continued expansion with 2 new locations opened in 2025
- Additional 7-9 new units planned for 2025
- Simultaneous departure of two key executives (CEO and CLO)
- Interim leadership appointments creating potential uncertainty
Ken Kuick Named Interim Chief Executive Officer
DALLAS, March 31, 2025 (GLOBE NEWSWIRE) -- Twin Hospitality Group Inc. (Nasdaq: TWNP), the parent company of Twin Peaks Restaurant, today announces the resignation of Joe Hummel, Chief Executive Officer, and Clay Mingus, Chief Legal Officer, who are pursuing other opportunities. The date of their departures will be effective April 10, 2025. Ken Kuick, Chief Financial Officer, has been appointed Interim Chief Executive Officer and Allen Sussman, General Counsel of FAT Brands Inc., has been appointed Interim Chief Legal Officer.
“We would like to thank Joe and Clay for all that they have done for Twin Peaks over the last 14 years,” said Ken Kuick,” CFO of Twin Hospitality Group. “Starting on the franchisee side of Twin Peaks together and then taking on leadership roles at Twin Peaks and now Twin Hospitality Group, they helped pave the way for the IPO.”
Kuick continued, "We will carry the torch forward, having already opened two new lodges in 2025 and targeting approximately seven to nine additional units this year, while building on our robust over 100-unit development pipeline.”
“It has been an incredible journey with Twin Peaks—one filled with growth milestones, an IPO and the most dedicated team out there,” said Joe Hummel, CEO of Twin Hospitality Group. “While the time has come to begin a new chapter in my career, I look forward to continuing to watch Twin Peaks stand in a category of its own, providing an unmatched sports lodge experience.”
Twin Hospitality Group Inc.
Twin Hospitality Group Inc. is a restaurant company that strategically develops and operates specialty casual dining restaurant concepts with a goal to redefine the casual dining category with its experiential driven brands. For more information, visit https://ir.twinpeaksrestaurant.com/.
About Twin Peaks
Founded in 2005 in the Dallas suburb of Lewisville, Twin Peaks has 116 locations in the U.S. and Mexico. Twin Peaks is the ultimate sports lodge featuring made-from-scratch food and the coldest beer in the business, surrounded by scenic views and wall-to-wall TVs. At every Twin Peaks, guests are immediately welcomed by a friendly Twin Peaks Girl and served up a menu made for MVPs. From its smashed and seared-to-order burgers to its in-house smoked brisket and wings, guests can expect menu items that satisfy every appetite. To learn more about franchise opportunities, visit twinpeaksfranchise.com. For more information, visit twinpeaksrestaurant.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 the timing and performance of new store openings. Forward-looking statements reflect the expectations of management concerning the future and are subject to significant business, economic and competitive risks, uncertainties, and contingencies. These factors are difficult to predict and beyond our control and could cause our actual results to differ materially from those expressed or implied in such forward-looking statements. We refer you to the documents that are filed from time to time by Twin Hospitality Group Inc. with the Securities and Exchange Commission, such as its Registration Statement on Form 10 and reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and other factors. We undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date of this press release.
Investor Relations:
ICR
Michelle Michalski
ir@twinpeaksrestaurant.com
Media Relations:
Destinee Rollins
destinee.rollins@tprest.com
972-342-5902
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