Wingstop Appoints Michael Mravle as Chief Financial Officer
DALLAS - September 30, 2014 - (BUSINESS WIRE) - Wingstop Restaurants, Inc. today announced the appointment of Michael Mravle as Chief Financial Officer, effective immediately. Mravle joins Wingstop during a year of record-setting new restaurant openings and the 11th consecutive year of same store sales growth.
Mravle brings nearly 15 years of finance, strategy, and accounting experience to Wingstop, including an extensive background in the restaurant industry. He joins the Company from Bloomin’ Brands, Inc. (NASDAQ: BLMN), where he held several positions, including most recently Group Vice President of Financial Planning & Analysis (FP&A) and U.S. CFO. In that role, his responsibilities included overall corporate planning and analysis and forecasting as well as managing the U.S. finance team.
"We are pleased to welcome Mike, a highly regarded industry veteran with significant financial planning expertise, to our team," said Charlie Morrison, Wingstop President and CEO. "Mike has a proven track record of successful leadership within our sector and will play a critical role in positioning Wingstop for continued aggressive and sustained growth."
Prior to holding the position of Group Vice President of FP&A and U.S. CFO at Bloomin’ Brands, Mravle held several other positions, including Vice President of Corporate FP&A for the company, and Vice President of Finance, Carrabba’s Italian Grill. Before that, he was Vice President of Finance - New Concepts, supporting brands including Fleming’s Prime Steakhouse and Wine Bar and Roy’s Hawaiian Fusion.
"I am honored to be joining Wingstop at such an exciting time in its growth story," added Mravle. "The brand‘s unique combination of great food and powerful unit economics has allowed Wingstop to become a true leader in the restaurant industry. I look forward to working with the team to strengthen the company’s positioning as a dominant player in the space for a long time to come. I am very optimistic about the opportunities ahead of us."
Mravle also spent eight years with McDonald’s Corporation (NYSE: MCD), holding positions of increasing responsibility, including Senior Finance Manager – Global Supply Chain.
Mravle will replace Lance Loshelder who will assume the position of Executive Vice President of Finance.
With a sole focus on cooked-to-order chicken, the Wingstop menu features traditional and boneless wings as well as strips all sauced and tossed in 11 original flavors including fan favorites Mango Habanero, Garlic Parmesan and Original Hot. Sides are made fresh daily including hand-cut seasoned fries, made from #1 Idaho potatoes.
To locate the nearest Wingstop or for additional information on franchise opportunities, visit www.Wingstop.com.
Founded in 1994 and headquartered in Dallas, Texas, Wingstop has more than 670 restaurants open across the United States, Mexico, Russia, Singapore, the Philippines and Indonesia, with locations coming soon to the United Arab Emirates. The Wing Experts menu features classic and boneless wings with 11 bold, distinctive flavors including Original Hot, Cajun, Atomic, Mild, Teriyaki, Lemon Pepper, Hawaiian, Garlic Parmesan, Hickory Smoked BBQ, Louisiana Rub and Mango Habanero. Wingstop’s wings are always cooked to order, sauced and tossed and served with a variety of house-made sides including Wingstop’s world famous hand-cut seasoned fries. Wingstop has experienced 11 consecutive years of positive sales increases, was named a 2014 Best Franchise Deal by QSR magazine, was ranked the #3 Top Growth Chain by Nation’s Restaurant News and has been voted "best wings" in markets across the country. Wingstop is owned by affiliates of Roark Capital Group, an Atlanta-based private equity firm that specializes in business and consumer service companies with attractive growth prospects and revenues ranging from $20 million to over $3 billion. For more information visit www.wingstop.com or www.wingstopfranchise.com. Become a fan of Wingstop by visiting facebook.com/Wingstop or twitter.com/wingstop.