Not too immediately. Take 3 steps back/towards the nearest exit, that’s where you want the extinguisher. Not right next to the stove that’s going to be on fire when you need to get to the extinguisher.

Keep in mind that a standard ABC extinguisher isn’t rated for grease fryers. If it’s just the fat needed to sautee something you’re good, but for an actual deep frying fire you want something in class K.