Wingstop Promotes Michael Skipworth to President and Chief Operating Officer, Alex Kaleida to Chief Financial Officer

By Editor On Aug 27, 2021

DALLAS, August 27, 2021 / PRNewswire / – Wingstop (NASDAQ: WING), the leading digitally-savvy, technology-driven restaurant brand with more than 1,600 locations worldwide, today announced the sponsorship of. known Michael Skipworth to President and Chief Operating Officer, and Alex Kaleida to the Chief Financial Officer. Michael is successful Mahesh Sadarangani, the company’s COO who stepped down after being hired as CEO of a private equity backed company.

“I am excited to offer Michael and Alex great growth opportunities within our organization,” said Chairman and CEO Charlie Morrison. “People are the foundation of our business and I firmly believe that we have some of the most talented and brilliant minds in the business. This enables us to nurture from within what is amazing opportunity and continued growth for our Wingstop team members.”

Michael stepped in Wingstop. at December 2014 and most recently worked as EVP and Chief Financial Officer. During his tenure, as Charlie’s right-hand man and valued colleague, he worked closely to drive the business forward and was a key player in the brand’s success. Contributing to this success were Charlie and Michael who jointly launched the brand in 2015 and celebrated one of the most successful IPOs in the industry with a total return of more than 700% to date.

Alex joined Wingstop in 2019 as VP, Financial Planning & Analysis and immediately worked closely with Michael. With previous leadership roles at Wendy’s and Kraft Heinz Company, Alex is a well-respected leader in the industry, with extensive financial knowledge and an in-depth understanding of the financial implications and leverage in marketing, digital, operations, and more.

About wingstop
Founded in 1994 and headquartered in Dallas, TX, Wingstop Inc. (NASDAQ: WING) operates and maintains over 1,600 locations worldwide. The Wing experts have made it their business to serve the taste of the world through an incomparable guest experience and offer classic wings, boneless wings and tenders, which are always prepared to order and by hand in 11 strong, distinctive flavors of your choice Fans are steamed and thrown. Wingstop’s menu also features signature side dishes such as freshly cut, seasoned fries and freshly made ranch and bleu cheese dips. In addition, Wingstop has the virtual brand Thighstop in June 2021 with crispy boneless and boneless thighs marinated and tossed in Wingstop’s 11 signature flavors, available through Thighstop.com and DoorDash.

In the 2020 financial year, Wingstop’s system-wide sales increased by 28.8% year-on-year to approx. $ 2.0 billion, which marked its 17th consecutive year of revenue growth in the same business, and Wingstop has achieved over 700% shareholder return since going public in 2015. With the vision of becoming one of the top 10 global restaurant brands, the system consists of independent franchisees or brand partners who, as of June 26, 2021, accounted for around 98% of Wingstop’s total number of 1,624 restaurants. On February 26, 2021, Wingstop opened 45 new Netto -Restaurants, up 13.1%, and announced that sales in the same store were up 2.1%. During the fiscal quarter ended June 26, 2021, Wingstop generated 64.5% of its sales through digital channels, including Wingstop.com and the Wingstop app.

A key to Wingstop’s success is the Wingstop Way, which includes a core value system that is authentic, entrepreneurial, service-oriented and entertaining. This value system extends to its environmental, social and governance platform, as Wingstop strives to offer added value to all stakeholders.

The company was featured in Entrepreneur Magazine’s “150 Fastest Growing Franchises” and “The World’s Best Franchises” (2020), the “Top Food Franchises” of the Franchise Business Review (2020), the “Top 200 Restaurant Chains” by Nation’s Restaurant News (2020)), Fast Casuals “Top 100 Movers & Shakers” (2020) and was named to the Stevie Awards for Great Employers (2020).

For more information, please visit www.wingstop.com or www.wingstop.com/own-a-wingstop and follow @Wingstop on Twitter and Instagram and at Facebook.com/Wingstop. Learn more about Wingstop’s commitment to its local communities at www.wingstopcharities.org.

Media contact
Megan Sprague
972-331-9155
[email protected]

Investor contacts
Alex Kaleida and Susana Arevalo
972-331-8484
[email protected]

SOURCE Wingstop Restaurants Inc.

Wingstop Promotes Michael Skipworth to President and Chief Operating Officer, Alex Kaleida to Chief Financial Officer

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