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TGI Fridays is on its third CEO in six months — here’s what that means for the brand

 

Weldon Spangler has been appointed CEO of TGI Fridays, effective immediately. He succeeds Brandon Coleman III, who was named CEO of the casual dining chain in August and who has resigned for personal reasons.

Spangler is a longtime member of the TGI Fridays board and has a deep history in the restaurant industry, including customer experience, store operations, and marketing roles at Subway, Papa Murphy’s, Dunkin’ Brands, and Starbucks. He will help guide the company through a new strategic plan targeting growth – both domestic and international – and innovation, according to a release. There are currently 700 TGI Fridays locations in 51 countries.

TGI Fridays recently updated its menu to include a new appetizer lineup, new salad and bowl entrees, and a new non-alcoholic beverage. The company also expanded its existing partnership with digital restaurant company C3 to put sushi offerings from Krispy Rice on more menus across its system. This collaboration began in 2021. TGI Fridays estimates that expanding Krispy Rice’s menu offerings has the potential to deliver $163 million in run rate revenue annually.

 

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