FOCUS Brands Inc. Names Russ Umphenour as President and CEO

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

Homewatch CareGivers
Homewatch CareGivers gives entrepreneurs a proven path to financial success as well as the opportunity to make a positive change in the world. We are...
Sky Zone
Sky Zone created, built and franchises the first of its kind wall-to-wall trampoline playing courts with unlimited purposes and endless possibilities.
e² Young Engineers
e² Young Engineers is an innovative new approach to teach STEM principles using our uniquely designed LEGO and K'nex kits.
FASTSIGNS
Signage has never been more important. Right now, businesses are looking for new and better ways to compete.
Ziggi's Coffee
There's nothing quite like the perfect cup of coffee. It wakes you up and gets you on the right path. Now, you've got the chance to build a lifestyle...
Share This Page

Subscribe to Franchising 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.