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00:02Inspire Brands, named Duncan President Scott Murphy, interim CEO, as longtime Chief Executive
00:09Paul Brown, takes temporary medical leave, according to the Wall Street Journal.
00:13Brown, who co-founded Inspire, is recovering from a recent injury.
00:18Murphy, who also serves as Chief Brand Officer, said he plans to maintain the company's current
00:23strategy and direction. The leadership change comes as Inspire prepares for a potential initial
00:28public offering as early as the end of 2026, though it could move into early 2027.
00:34Roark Capital-backed Inspire, confidentially filed for an IPO in May. The company operates
00:39more than 33,400 locations across brands, including Duncan, Arby's, Buffalo Wild Wings,
00:46Sonic, Jimmy John's, and Baskin Robbins, generating $33.4 billion in global sales.
00:53For all things money, visit Benzinga.com.
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