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Wingstop Names Industry
Leader Larry Kruguer President, International
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Appointment Positions Company for
Continued International Expansion
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Dallas,
TX – July 2015 / Newsmaker Alert / Wingstop
Inc. (NASDAQ:WING) announces that it has named Larry D. Kruguer as
its new President of International. Kruguer will have responsibility for
growing and developing key international markets for Wingstop and will
report directly to President and Chief Executive Officer Charlie Morrison.
As
of the end of the first quarter 2015, Wingstop operated 45 franchised restaurants
in six countries outside of its core U.S. market with franchisees in Latin
America, Southeast Asia and the Middle East. The company has commitments
for an additional 310 international locations.
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“As
a seasoned executive with over 25 years of global experience across consumer
companies including major restaurant corporations, Larry’s extensive background
in international markets and franchise leadership will be instrumental
in helping Wingstop grow its global presence,” commented Charlie Morrison,
Wingstop President and CEO. “His broad skill set, acute international knowledge
and proven track record makes him a strong addition to the Wingstop team.
We look forward to his meaningful contributions that will continue to foster
the growth of our great brand.”
Prior
to joining Wingstop, Kruguer served as Vice President, International Joint
Ventures and Key Markets at Wendy’s International, leading the development
and key market expansion process for over 400 international units in nearly
30 countries. In that role he managed franchise acquisition, business development,
and new restaurant openings. Prior to that, Kruguer spent seven years with
Wendy’s International in several different leadership positions, including
Vice President of International Business Development and Finance, and Vice
President of International Marketing.
Earlier
in his career, Kruguer served as President of Prontowash USA, Vice President
of Marketing and Strategic Alliances of SportsLine.com, Vice President
of Marketing and International Sales at Alamo Rent-A-Car and Vice President
of Stored Value Products at American Express Company. He is a graduate
of the University of Miami where he received his Executive MBA and BA in
International Finance and Marketing.
About
Wingstop
Founded
in 1994 and headquartered in Dallas, Texas, Wingstop
Inc. (Nasdaq:WING) operates and franchises more than 745 restaurants
across the United States, Mexico, Russia, Singapore, the Philippines, Indonesia,
and the United Arab Emirates as of the end of the first quarter 2015. The
Wing Experts menu features classic and boneless wings with 11 bold, distinctive
flavors including Original Hot, Cajun, Atomic, Mild, Teriyaki, Lemon Pepper,
Hawaiian, Garlic Parmesan, Hickory Smoked BBQ, Louisiana Rub and Mango
Habanero. Wingstop’s wings are always cooked to order, sauced and tossed
and served with a variety of house-made sides including Wingstop’s world
famous hand-cut seasoned fries. Wingstop has experienced 11 consecutive
years of positive sales increases, was named a 2014 Best Franchise Deal
by QSR magazine, was ranked the 2015 #5 Top Growth Chain by Nation’s
Restaurant News and has been voted “Best Wings” in markets across the country.
Wingstop is owned by affiliates of Roark Capital Group, an Atlanta-based
private equity firm focused on consumer, business and environmental service
companies, with a specialization in franchised and multi-unit business
models in the retail, restaurant and consumer services sectors. For more
information visit www.Wingstop.com
or www.WingstopFranchise.com.
Become a fan of Wingstop by visiting Facebook.com/Wingstop
or Twitter.com/wingstop.
Media
Contact:
Kristina
Jorge
Integrated
Corporate Relations, Inc. (ICR)
for
Wingstop
646-277-1234 |