Media Contact:
Mina Fischer
MinaF@primehg.com
(317) 581-6000
Indianapolis, Indiana (February 27, 2024) — Prime Hospitality Group (PHG) has named Tim Stobbie Chief Financial Officer for its Ruth’s Chris Steak Houses, Bin 23 Bistro, The Exchanges and hotel F&B operations.
Stobbie comes to PHG with more than 17 years of financial management experience. He spent the past 12 years specializing in the hospitality industry and providing oversight for over 2,000 restaurants around the country. A highly regarded finance executive, Stobbie is a results-oriented professional with experience in business valuation, transactions, planning and forecasting, and merger and acquisition management.
“We are thrilled to announce the addition of Tim to our team at PHG,” said Kristy Rans, President of PHG. “With his extensive background in managing finance teams across fine dining and casual dining concepts, Tim is a true asset to our organization. His track record of delivering exceptional results and overseeing multiple units with great success is an inspiration to us all. We are excited to have an accomplished restaurant finance expert like him on board and eagerly anticipate the valuable leadership and expertise he will bring to the table.”
Stobbie started as a mechanical engineer for defense contractors Raytheon and Honeywell, where he performed thermal and structural analysis. In 2006, he launched his finance career as an analyst with Valuation Research Corporation.
In 2012, Tim transitioned into the hospitality industry with Bloomin’ Brands, Inc. in Tampa, Florida. Stobbie spent most of his five years at Bloomin’ supporting all 66 Fleming’s Prime Steakhouse & Wine Bar locations. During his time at Bloomin’, he also supported their entire portfolio of restaurants, including Roy’s, Outback Steakhouse, Carrabba’s Italian Grill, and Bonefish Grill. Tim then relocated to the West Coast and joined BJ’s Restaurants, Inc. in Huntington Beach, California as a manger. There, he oversaw financial planning and reporting for BJ’s 200+ restaurants. Stobbie is also a CFA® charterholder.
Prior to joining PHG, Stobbie was Director of Financial Planning and Analysis for Qdoba Restaurant Corporation, headquartered in San Diego, and its 747 restaurants.
“I am extremely humbled and honored to join PHG and work with a talented and visionary ownership group, led by Kristy,” says Stobbie. “In my new role, I will be focused on growing the entire PHG portfolio, anchored by the Ruth’s Chris Steak House brand. I am thrilled to be going back to my roots in the fine dining segment.”
About Prime Hospitality Group, LLC
Headquartered in Indianapolis, Indiana, Prime Hospitality Group (PHG) is the largest Ruth’s Chris Steak House franchisee with 12 locations in Arkansas, Georgia, Indiana, Iowa, Missouri and North Carolina. PHG also owns and operates Bin 23 Bistro, a traditional European Bistro serving French-influenced favorites, and The Exchange, a craft cocktail and whiskey bar. The PHG brands are built on delivering best in market experiences by providing elevated hospitality to its guests. Visit primehg.com to learn more and follow @primehospitalitygroup on LinkedIn.
