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Fat Brands, a restaurant chain operator, announced it has appointed two new executives to serve as its co-chief executive officers. On Monday, May 1, the company said its chief financial officer, Ken Kuick, and executive vice president of capital markets, Rob Rosen, will become co-CEOs.
They will replace Andy Wiederhorn, who is set to vacate his chief role this week. According to Restaurant Business, he will share the responsibilities of running Fat Brands once Wiederhorn, who is also the company’s founder, steps down from his CEO role. He is said to be withdrawing to prevent the company from being affected by the federal investigation into his family.
While Kuick and Rosen will be Fat Brands’ co-CEOs, they will retain their original job roles as CFO and capital markets EVP, respectively. The former only joined Fat Brands in 2021, and prior to this, he worked at Noodles & Co. As for Rosen, he is a veteran in the field with over 30 years of experience in structured finance.
The two are said to have played major roles in the remarkable growth of Fat Brands. Wiederhorn said in a statement that Kuick and Rosen’s “financial acumen and track record for hitting key company benchmarks make them well-positioned to take on the CEO role together.”
“Over the last few years, Ken and Rob have played a tremendous role in the unprecedented growth of FAT Brands,” Andy Wiederhorn said in a press release. “I look forward to continuing to work with Ken and Rob in the Chairman of the Board position to aid in the continued success of FAT Brands.”
Wiederhorn already announced last month that he decided to step aside but will remain involved in the company as Fat Brand’s strategic advisor.
Meanwhile, on his appointment as co-CEO, Ken Kucik said, “Andy is a great leader and I’m extremely humbled to take on this new responsibility and drive forward the key goals of the company.” Rob Rosen also commented that he is “honored to take on the Co-CEO position of a company that continues to surpass growth expectations.”
