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Fat Brands Inc. (NASDAQ:FAT) announced the appointment of Andrew Wiederhorn as President and Chief Executive Officer, effective September 2, 2025. Wiederhorn previously held the position from the company’s inception in March 2017 until May 2023. The decision was made by the company’s Board of Directors.
Following this change, Ken Kuick and Taylor Wiederhorn, who previously served as Co-Chief Executive Officers, will continue in their roles as Chief Financial Officer and Chief Development Officer, respectively. The leadership transition comes at a crucial time, as InvestingPro data shows the company operating with a substantial debt burden of $1.58 billion and facing rapid cash burn challenges.
Andrew Wiederhorn, age 59, is the founder and current Chairman of Fat Brands. He has also served as Chairman of the Board of Twin Hospitality Group Inc. since August 2025. Since May 2023, Wiederhorn has provided consulting services to Fat Brands under an existing Consulting Agreement. The company stated that it expects to enter into a new employment agreement with Wiederhorn in connection with his return as President and CEO. Until the new agreement is finalized, he will continue to be compensated under the Consulting Agreement. Wiederhorn will no longer receive director fees, which are only payable to non-employee directors.
Additional information about Andrew Wiederhorn’s background and related party transactions is available in Fat Brands’ Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 28, 2025.
Fat Brands’ shares are listed on The Nasdaq Stock Market LLC under the symbols FAT (Class A Common Stock), FATBB (Class B Common Stock), and FATBP (Series B Cumulative Preferred Stock).
This information is based on a press release statement and a filing with the Securities and Exchange Commission.
In other recent news, FAT Brands Inc. reported its second-quarter 2025 earnings, which fell short of expectations. The company posted an earnings per share of -$3.17, significantly missing the forecasted -$1.03. Revenue for the quarter was $146.8 million, representing a 3.4% decline compared to the previous year. Additionally, Andrew Wiederhorn has returned to the role of Chief Executive Officer at FAT Brands, while continuing to serve as Chairman of the Board. In a related development, Ken Kuick will now focus solely on his duties as Chief Financial Officer for both FAT Brands and Twin Hospitality Group Inc. Furthermore, Wiederhorn has been appointed as Chairman of the Board for Twin Hospitality Group, following his instrumental role in the strategic spin-out of the company earlier this year. This separation created a new entity for the Twin Peaks and Smokey Bones restaurant brands. These recent developments highlight significant leadership changes and financial challenges for FAT Brands.
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