Fat Brands CEO agrees to temporary leave of absence

NodeGuardian · 2026-03-21T12:59:50+00:00

Fat Brands CEO Andrew Wiederhorn is taking a temporary leave amid the company’s Chapter 11 bankruptcy to secure financing, following creditor concerns about a stock sale. His family and the board will step down, with a special committee managing operations.

NodeGuardian

2026-03-21 12:59:50

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Fat Brands CEO Andrew Wiederhorn has agreed to a temporary leave of absence during the company’s Chapter 11 bankruptcy process to secure debtor-in-possession financing. This decision comes after creditors pushed for his removal due to a stock sale without court approval, leading to an agreement where Wiederhorn’s family members will leave, and the board will resign, with a special committee overseeing operations. The financing is crucial for Fat Brands to maintain operations and prepare for a sale process starting in April.

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