Montreal, April 21,
2022 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the
"Company") (TSX: MTY), franchisor and operator of multiple concepts
of restaurants worldwide, announces today that Mr. Nik Rupp was promoted to Chief Operating
Officer, Papa Murphy's division.
Mr. Rupp joined Papa Murphy's in 2018 as Chief Financial
Officer, and then as Executive Vice President, Finance following
the transaction with MTY in May 2019. During his tenure with
Papa Murphy's and MTY, he has overseen strategy development,
financial planning, accounting, supply chain, procurement, tax and
treasury for Papa Murphy's and, in the past two years', accounting
and tax for MTY Franchising USA,
Inc. and its subsidiaries. He becomes MTY's fifth Chief
Operating Officer, joining Marie-Line
Beauchamp, Jason Brading,
Marc Benzacar and Jeff Smit.
"Since the acquisition of Papa Murphy's, the division was run by
a committee of five incredible members, one of which was Mr.
Rupp. The time has now come to name a leader for the group.",
said Eric Lefebvre, Chief executive
officer of MTY. "Mr. Rupp brings a lot of experience and
credibility with our franchise partners and our team, and as such
he emerged as the natural leader for that division. He will
work with the rest of Papa Murphy's leadership team to accelerate
the development and implementation of new initiatives that will
support our goals for the long-term."
Mr. Rupp has more than 20 years of senior-level finance,
strategy and planning experience. Prior to joining Papa Murphy's he
served as the Chief Financial Officer for Specialized Bicycle
Components, Inc. from March 2016 to
February 2018, and as Global
Controller from January 2015 to
March 2016. Prior to Specialized
Bicycle Components, Inc., Mr. Rupp held several positions at Nike,
Inc., including Global Controller of Nike Golf, and at Converse,
Inc. in the Netherlands. Mr. Rupp holds a BA, Accountancy
from Glasgow Caledonian University and is a member of the Institute
of Chartered Accountants of Scotland.
Certain information in this News Release may constitute
"forward-looking" information that involves known and unknown
risks, uncertainties, future expectations and other factors which
may cause the actual results, performance or achievements of the
Company or industry results, to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking information. When used in this News Release,
this information may include words such as "anticipate",
"estimate", "may", "will", "expect", "believe", "plan" and other
terminology. This information reflects current expectations
regarding future events and operating performance and speaks only
as of the date of this News Release. Except as required by law, we
assume no obligation to update or revise forward-looking
information to reflect new events or circumstances. Additional
information is available in the Company's Management Discussion and
Analysis, which can be found on SEDAR at www.sedar.com.
On Behalf of the Board of Directors of
Eric Lefebvre, Chief Executive
SOURCE MTY Food Group Inc.