Executives transition to new roles as former COO Mahesh Sadarangani moves on to new opportunity
Wingstop named Michael Skipworth president and chief operating officer, replacing Mahesh Sadarangani, who recently moved on to work for a private-equity backed company. In addition, the company promoted Alex Kaleida to the position of chief financial officer, assuming Skipworth’s previous role.
Skipworth joined Wingstop in December 2014 and most recently served as executive vice president and chief financial officer. He fared prominently in the company going public in 2015, which turned out to be one of the most successful IPOs, providing shareholders with a return of more than 700%. Wingstop also noted Skipworth has been a right-hand man to Chairman and CEO Charlie Morrison.
Kaleida initially served as vice president, Financial Planning & Analysis when he joined Wingstop in 2019, immediately working closely with Skipworth. Most recently, he worked in Investor Relations, building a rapport with key shareholders and the investment community.
Wingstop’s new CFO also worked at Wendy’s and Kraft Heinz Company, where he held key leadership roles, building a deep knowledge of “financial impacts and levers across marketing, digital, operations and more,” announced the company.
“I’m thrilled to provide amazing growth opportunities within our organization for both Michael and Alex,” said Morrison, the brand’s top executive. “People are the foundation of our business, and I truly believe we have some of the most talented and brilliant minds in the industry. This enables us to promote from within, which equates to amazing opportunities and continued growth for our Wingstop team members.”
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