Jan 22 (Reuters) - Franchise Group CEO Brian Kahn is stepping down from the role, Bloomberg News reported on Monday, amid regulatory scrutiny around his buyout of the Vitamin Shoppe parent.

Andy Laurence, the company's current executive vice president, has been named to replace Kahn, the report said, citing a person familiar with the matter.

Franchise held a call with lenders to inform them of Kahn's exit, the report added.

Franchise Group did not immediately respond to a Reuters request for comment.

The report comes months after Kahn led a consortium that took Franchise Group private in a $2.6 billion deal, aided by B. Riley Financial.

The U.S. Securities and Exchange Commission (SEC) is investigating B. Riley's relationship with Kahn. The financial services firm late last year had said it was forced to mark down the value of its investment in the deal and reported a quarterly loss.

B. Riley, however, said earlier on Monday it was unaware of any SEC probe and would cooperate if such a situation occurred. (Reporting by Deborah Sophia in Bengaluru; Editing by Shilpi Majumdar)