FOCUS Brands Inc. Names Russ Umphenour as President and CEO

Restaurant Industry Veteran Joins Multi-Concept Organization to Lead Growth Efforts; Steve Romaniello Named Chairman of FOCUS Brands and Joins Roark Capital Group as Managing Director

November 10, 2008 // Franchising.com // Atlanta, GA - FOCUS Brands Inc., the franchisor and operator of over 2,200 ice cream stores, bakeries, restaurants and cafes under the brand names Carvel®, Cinnabon®, Schlotzsky's®, Moe's Southwest Grill® and Seattle's Best Coffee®, announced today that Russ Umphenour has been named President and CEO. Former Chief Executive Steve Romaniello has been named Chairman of the Board, and joins Roark Capital Group as Managing Director and a member of the private equity firm's Investment Committee.

Based in Atlanta with $1.5 billion of equity capital under management, Roark Capital has purchased 14 franchise brands with over 13,500 points of distribution in 50 states and 33 countries. Affiliates of Roark Capital own a majority interest in FOCUS Brands.

"Steve and I have been friends and partners for over 12 years," said Neal Aronson, Roark founder and managing partner. "Steve will meaningfully enhance our ability to partner with and build outstanding franchise companies, and his leadership at Roark would not have been a possibility unless we found the perfect person to take FOCUS Brands into the future. Russ' experience, energy and enthusiasm, coupled with the utmost integrity, make this a win-win for all."

"We were looking for a leader with a proven track record of success who could intimately relate to all FOCUS Brands constituents," added Steve Romaniello. "Franchisees will benefit from Russ' experience as an entrepreneur and franchisee; our owners will benefit from his expertise in strategically and profitably growing an organization; and our associates will benefit from Russ' strong culture advocacy and his unwavering commitment to developing people."

With over 40 years in the restaurant business, Russ began his career as a part-time counter person at an Arby's restaurant in 1967, and became the founder and CEO of Atlanta-based RTM (Results Through Motivation) Restaurant Group in 1973. Growing his company from 11 Arby's restaurants into one of the largest restaurant companies in the country with 870 locations in 22 states across several different concepts, RTM was sold in July 2005 to Triarc Companies, Inc. (Arby's Restaurant Group). At the time of the sale, RTM was Arby's largest franchisee with 775 restaurants and 25,000 employees generating revenues of more than $900 million. Known as an innovator in the Arby's system, RTM was synonymous with top-notch talent, high standards, and results, and Russ' lifelong study of motivation and productivity to better learn how to provide the best opportunities for people to succeed is well known throughout the industry.

"FOCUS Brands has an impeccable reputation in the restaurant industry, and I am honored to have the opportunity to lead this terrific organization," commented Umphenour. "The company was founded with a distinct culture that recognizes the importance of making its constituents happy, and I believe my philosophy of creating a clear business vision while focusing on setting goals and leading by values will provide an 'anything is possible' attitude as we move into this new era."

About FOCUS Brands Inc.

FOCUS Brands Inc.® is the franchisor and operator of over 2,200 ice cream stores, bakeries, restaurants and cafes in the United States, the District of Columbia, Puerto Rico and 32 foreign countries under the brand names Carvel®, Cinnabon®, Schlotzsky's®, Moe's Southwest Grill® and the franchisor of Seattle's Best Coffee® on certain military bases and in certain international markets. Based in Atlanta, the primary objective of FOCUS Brands is to "FOCUS on making people happy." Please visit www.focusbrands.com to learn more.

###

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

Colors On Parade
Mobile Vehicle Repair. We repair Paint Scratches, Dents, Dings & Interior non-collision damage. Our clients are Auto Dealers, Fleets and...
Chronic Tacos
Chronic Tacos is a California inspired authentic Mexican grill that celebrates the individuality of our customers. We have developed restaurants...
Jersey Mike's Subs
Jersey Mike's, a fast-casual sub sandwich franchise with more than 1,500 locations open and under development nationwide, believes that making a sub...
ProSource Wholesale
ProSource is America's largest wholesale home improvement franchise; a truly unique B2B franchise model. Our owners enjoy strong cash flow with...
Kono USA
We've taken one of America's favorite foods and made it even better, innovative, authentic, exciting, and now, we're taking the states by storm.
Share This Page

Subscribe to Franchising.com Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.