Twin Hospitality Group Announces Leadership Updates
Rhea-AI Summary
Twin Hospitality Group (Nasdaq: TWNP) announced leadership changes effective Dec 29, 2025: Andy Wiederhorn is appointed Chief Executive Officer following the termination of Kim Boerema, and Roger Gondek will add the title of President of Twin Peaks Restaurant while remaining Chief Operating Officer.
Wiederhorn has served as Chairman since August 2025 and led the spin‑out of Twin Peaks and Smokey Bones into Twin Hospitality Group. Gondek has been COO since 2017 with about 15 years of brand experience. Management says the restructuring aims to streamline operations, minimize overhead, and support debt restructuring.
Positive
- Andy Wiederhorn named CEO effective Dec 29, 2025
- Chairman since August 2025 — Wiederhorn has board leadership continuity
- Roger Gondek to serve as President and remain COO, maintaining operations continuity
- Company states restructuring will minimize overhead and support debt restructuring
Negative
- Termination of CEO Kim Boerema, signaling leadership disruption
- Company is working to restructure debt, indicating existing financial obligations
Key Figures
Market Reality Check
Peers on Argus
Peers showed mixed, modest moves with no clear sector trend: DENN up 0.16%, RRGB up 1.17%, while GENK, STKS, and THCH were down between 0.41% and 0.55%. This points to company-specific factors around TWNP’s leadership change.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 22 | New location opening | Positive | +5.0% | Announced new Omaha lodge reopening creating more than 150 jobs. |
| Dec 18 | Franchise expansion | Positive | +1.6% | Signed Connecticut area development agreement for three future lodges. |
| Nov 17 | Acquisition LOI | Positive | +1.1% | Letter of intent to acquire eight Florida franchise locations for $47M. |
| Nov 05 | Earnings results | Negative | +3.5% | Reported Q3 net loss, closures and impairments but higher adjusted EBITDA. |
| Nov 04 | Earnings call notice | Neutral | -0.5% | Announced timing and access details for Q3 2025 earnings call. |
Recent news, especially unit growth and M&A, often coincided with positive price reactions, even alongside operating losses and debt pressures.
Over the last few months, Twin Hospitality has focused on expansion and balance sheet challenges. On Nov. 17, 2025, it agreed to acquire eight Florida franchise locations, targeting an added $76–$77 million in revenue and $9–$10 million in EBITDA. Prior earnings on Nov. 5, 2025 showed a $24.5 million net loss and restaurant margin of 9.6%. December updates highlighted new units in Nebraska and a Connecticut franchise deal. Today’s leadership restructuring follows this mix of growth initiatives and financial strain.
Market Pulse Summary
This announcement details the termination of prior CEO Kim Boerema, appointment of Andy Wiederhorn as Chief Executive Officer, and expansion of Roger Gondek’s role to President while retaining COO duties. It follows months of expansion announcements and regulatory filings noting significant debt and operating losses. Investors may watch how the new leadership team executes on debt restructuring, cost control, and same-store performance, and whether operational changes begin to improve reported profitability and liquidity.
AI-generated analysis. Not financial advice.
Andy Wiederhorn Appointed Chief Executive Officer; Roger Gondek to Assume Twin Peaks President Role
DALLAS, Dec. 29, 2025 (GLOBE NEWSWIRE) -- Twin Hospitality Group Inc. (Nasdaq: TWNP), the parent company of Twin Peaks Restaurant, today announced the appointment of Andy Wiederhorn as Chief Executive Officer, effective immediately, following the termination of Chief Executive Officer Kim Boerema. Additionally, Roger Gondek, currently Chief Operating Officer of Twin Peaks Restaurant, will also assume the role of President of Twin Peaks Restaurant while continuing in his COO responsibilities.
Wiederhorn, who was integral in spinning out Twin Peaks and Smokey Bones into Twin Hospitality Group Inc., has served as Chairman of the Board since August 2025. In this role, he has worked closely with the leadership team to position the company for sustained growth and operational excellence. Gondek has served as Chief Operating Officer of Twin Peaks since 2017 and brings approximately 15 years of experience with the brand, including previous operations leadership roles with Twin Peaks’ largest franchisee.
“I’m pleased to take on the Chief Executive Officer role and continue to collaborate with Roger in his expanded capacity as President,” said Andy Wiederhorn, Chairman and Chief Executive Officer of Twin Hospitality Group. “We remain focused on driving key business initiatives forward, including streamlining operations and enhancing the guest experience. This leadership restructuring optimizes our resources while minimizing overhead, providing additional value as we work to restructure our debt and strengthen the company for long-term success.”
Twin Hospitality Group Inc.
Twin Hospitality Group Inc. is a restaurant company that strategically develops and operates specialty casual dining restaurant concepts with a goal to redefine the casual dining category with its experiential driven brands. For more information, visit https://ir.twinpeaksrestaurant.com/.
About Twin Peaks
Founded in 2005 in the Dallas suburb of Lewisville, Twin Peaks has 114 locations in the U.S. and Mexico. Twin Peaks is the ultimate sports lodge featuring made-from-scratch food and the coldest beer in the business, surrounded by scenic views and wall-to-wall TVs. At every Twin Peaks, guests are immediately welcomed by a friendly Twin Peaks Girl and served up a menu made for MVPs. From its smashed and seared-to-order burgers to its in-house smoked brisket and wings, guests can expect menu items that satisfy every appetite. To learn more about franchise opportunities, visit twinpeaksfranchise.com. For more information, visit twinpeaksrestaurant.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the company’s future operating performance. Forward-looking statements reflect the expectations of management concerning the future and are subject to significant business, economic and competitive risks, uncertainties, and contingencies. These factors are difficult to predict and beyond our control and could cause our actual results to differ materially from those expressed or implied in such forward-looking statements. We refer you to the documents that are filed from time to time by Twin Hospitality Group Inc. with the Securities and Exchange Commission, such as its reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and other factors. We undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date of this press release.
Investor Relations:
ICR
Michelle Michalski
ir@twinpeaksrestaurant.com
Media Relations:
Erin Mandzik
emandzik@fatbrands.com
860-212-6509
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FAQ
Who is the new CEO of Twin Hospitality Group (TWNP) and when did the appointment take effect?
What role will Roger Gondek have at Twin Peaks and will he remain COO of Twin Peaks Restaurant (TWNP)?
Why did Twin Hospitality Group (TWNP) change its leadership structure?
How long has Roger Gondek worked with Twin Peaks prior to his promotion announced Dec 29, 2025?
What prior role did Andy Wiederhorn hold before becoming CEO of Twin Hospitality Group (TWNP)?
