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Ruth’s Hospitality Group selects new chief financial officer

Current CFO remains on retainer until next year during transition

Ruth’s Hospitality Group named Kristy Chipman its new chief financial officer. As of November 30, Chipman will replace Arne Haak, who is stepping down, but will remain as a strategic advisor through early 2021. Haak said he was optimistic about the future of the company and had been grateful for the leadership team’s support during his nine-year tenure.

Chipman started her restaurant career at McDonald’s holding various financial leadership roles. One of her latest positions, senior director, corporate controller group, demonstrated her capabilities. Her reporting of actual targets to plan budget on major income, capital and G&A expenses to senior management were particularly instrumental.

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Following McDonald’s, Chipman held the role of VP of Finance and treasurer at Domino’s Pizza. There, she recreated the financial structure of the pizza company and created a three-year map for the financial group. Most recently, she held the role of chief financial officer at Orangetheory Fitness, which has 1,200 studio locations.

“We are thrilled to have her join the Ruth’s team and look forward to benefiting from her well-established credentials and executive leadership abilities,” said Cheryl Henry, president and chief executive of Ruth’s Hospitality Group, Inc.

Chipman received her Bachelor’s degree in Accounting from Illinois Wesleyan University in Bloomington, IL, and her Master’s of Business Administration from the Kellstadt Graduate School of Business at DePaul University in Chicago, Ill.

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Ruth’s Hospitality Group operates and franchises 140 Ruth’s Chris Steak House restaurants globally.

Photo credit: Ruth’s Hospitality Group (featured preview image)

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