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Wingstop Announces Resignation of Chairman and CEO Charlie Morrison, Board Appoints President and COO Michael Skipworth as Successor

By: Wingstop Restaurants Inc. |  1 Shares     337 Reads

Independent Director Lynn Crump-Caine to now also serve as Chair of the Board of Directors

DALLAS, March 14, 2022 // PRNewswire // - Wingstop (NASDAQ: WING) today announced the resignation of its Chairman and Chief Executive Officer Charlie Morrison and the appointment of President and Chief Operating Officer Michael Skipworth as successor Chief Executive Officer, effective March 13, 2022. Charlie resigned from the company to become CEO of Salad And Go, where he serves on the Board of Directors. Lynn Crump-Caine, the Lead Independent Director, was appointed to succeed Charlie as Chair.

"It is with mixed emotions that I announce my resignation from Wingstop," said Charlie. "It's been an incredible 10 years and I will be forever proud of the growth and outstanding achievements of the past decade. Michael has worked closely with me as a trusted partner and colleague and I cannot think of a better person to serve as Wingstop's President and CEO. I have a profound amount of respect and confidence in Michael as he leads the brand in its next phase of growth."

Michael joined Wingstop in December 2014 and has served in a number of leadership roles within the company including EVP and Chief Financial Officer and most recently President and COO. During Michael's tenure he has been a key player in the brand's unparalleled success. Of note, he helped launch the brand's 2015 IPO, which became one of the most successful in the industry. With Michael's appointment as CEO, he will also join the Wingstop Board of Directors.

"I'm humbled and excited for this next chapter with Wingstop," said Michael. "Charlie and I have worked together over the past eight years to grow and scale the brand globally, and we have a great deal of momentum as we look to the future. I feel confident we have the right talent and team with a clear strategy to continue delivering our unparalleled and industry-leading results. On a personal note, I will greatly miss Charlie's partnership but am looking forward to seeing the amazing things he accomplishes in his new role."

"On behalf of the Board, I want to extend our sincere gratitude for Charlie's leadership and vision," said Lynn. "We have much to look forward to with Michael as our CEO. He's been instrumental in elevating and scaling Wingstop across the globe and the Board has incredible confidence in his ability to catapult the brand to its next level of growth and beyond."

A conference call for investors will be hosted by Charlie and Michael today, March 14, 2022, beginning at 4 p.m. CT.

SOURCE Wingstop

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