info@ceoworld.biz
Friday, March 29, 2024
CEOWORLD magazine - Latest - Banking and Finance - TGI Fridays Brings Ray Risley and Nik Rupp in Leading Roles

Banking and Finance

TGI Fridays Brings Ray Risley and Nik Rupp in Leading Roles

TGI Fridays revealed the hiring of Ray Risley as U.S. President and COO and Nik Rupp as CFO and President of international markets. Both will report to the newly appointed CEO, Weldon Spangler, as part of the company’s growth strategy. These appointments follow Spangler’s recent appointment as CEO, marking the chain’s second CEO appointment this year.

TGI Fridays is currently engaged in a brand revitalization effort, including a menu overhaul. The recent launch of the “Claus for Celebration” menu, offering 14 new cocktails and mocktails for the holidays, is part of this initiative. Additional menu items, such as appetizers and salads, were introduced in October. In June, the chain rolled out its Grilled & Sauced menu, considered its most significant menu update since the 1990s.

Risley comes from Via 313 Pizzeria, where he served as CEO, doubling the restaurant count and facilitating future expansion. He also held roles at Front Burner Society, contributing to the growth of the Whiskey Cake Kitchen and Bar brand, and served as president of Del Frisco’s Double Eagle Steakhouse. As president and COO of TGI Fridays, Risley will oversee U.S. operations’ management and performance standards, covering both company-owned and franchised units.

Rupp, assuming the roles of CFO and President of international markets, will drive TGI Fridays’ financial strategy, particularly focusing on accounting, finance, and capital structure. His responsibilities will include formulating growth strategies and collaborating with international franchisees. Previously, he served as COO of Papa Murphy’s and held positions at global brands like Specialized, Nike, and Converse.

The chain, operating in 51 countries with 700 restaurants, reported systemwide sales of $1.6 billion in 2022 and an 8% growth in U.S. same-store sales compared to 2019. Fridays plans substantial expansion in South and Southeast Asia, aiming for 75 franchised restaurants in the next decade, projecting an additional revenue of $500 million, according to the press release.

 

Have you read?
Here is Every time the United States Sent Military Forces To China.
Most Powerful Companies in Australia, 2023.
The highest-paid tech CEOs in the United States.
Highest-Paid Biopharmaceutical CEOs in the United States.
Executive Pay: Top 8 Highest-Paid Hotel CEOs.
Openly LGBTQ CEOs at the helm of major global companies.


Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.

This report/news/ranking/statistics has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.


Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
SUBSCRIBE NEWSLETTER
CEOWORLD magazine - Latest - Banking and Finance - TGI Fridays Brings Ray Risley and Nik Rupp in Leading Roles
Anna Siampani
Anna Siampani, Lifestyle Editorial Director at the CEOWORLD magazine, working with reporters covering the luxury travel, high-end fashion, hospitality, and lifestyle industries. As lifestyle editorial director, Anna oversees CEOWORLD magazine's daily digital editorial operations, editing and writing features, essays, news, and other content, in addition to editing the magazine's cover stories, astrology pages, and more. You can reach Anna by mail at anna@ceoworld.biz