Less than two months after former FAT Brands CEO Andy Wiederhorn announced that he was stepping down from his role as head of the company in connection with an ongoing federal investigation, the Fazoli’s and Johnny Rockets parent company announced his two successors. Co-CEOs Ken Kuick and Rob Rosen will helm FAT Brands moving forward, while maintaining their respective roles in the company as chief financial officer and executive vice president of capital markets.
Meanwhile, Wiederhorn is continuing in his role as chairman of the board. He and his family’s company, Fog Cutter Capital, still maintain a controlling interest (55.5%) in FAT Brands, even while they are being investigated by federal authorities on accusations of securities and wire fraud, money laundering, and attempted tax evasion.
So, what exactly have the two new CEOs of FAT Brands inherited as they step into their new roles at the company?