Brian Kahn is stepping down as the chief executive officer of Franchise Group Inc., just months after a leveraged buyout aided by B. Riley Financial Inc., as regulators look into his ties to the collapse of a hedge fund.
Andy Laurence, FRG’s current executive vice president, was named to replace Kahn, according to a person familiar with the matter, who asked for anonymity because the decision hasn’t been publicly announced. FRG held a call with lenders to inform them of the departure, the person said.
