Driven Brands appoints Gary Ferrera as CFO, reaffirms FY23 guidance

Driven Brands Holdings Inc.

Gary Ferrera named EVP and CFO effective May 10, 2023, succeeding Tiffany Mason who left May 4.
Ferrera's compensation: base salary $675k, target bonus 100%, equity grants totaling $3.5M (RSUs and PSUs).
Company reaffirms FY23 guidance: revenue ~$2.35B, adjusted EBITDA ~$590M, adjusted EPS ~$1.21.
Ferrera previously CFO of Skillsoft and Cardtronics; brings 20 years of CFO experience across industries.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Gary W. Ferrera

Executive Vice President and Chief Financial Officer

DRVN · Driven Brands Holdings Inc.

Effective: 2023-05-10
Filed: May 8, 2023, 7:59 PM ET

Driven Brands Holdings Inc. (the “Company”) announced on May 5, 2023, that it had appointed Gary W. Ferrera, age 60, to serve as its Executive Vice President and Chief Financial Officer effective as of May 10, 2023.

Departed

Tiffany Mason

Chief Financial Officer

DRVN · Driven Brands Holdings Inc.

Effective: 2023-05-04
Successor: Gary W. Ferrera
Filed: May 8, 2023, 7:59 PM ET

The Company also announced that Tiffany Mason, the Company’s prior CFO, left the Company on May 4, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Gary W. Ferrera was appointed as Executive Vice President and Chief Financial Officer at Driven Brands Holdings Inc..

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Driven Brands Holdings Inc. (the “Company”) announced on May 5, 2023, that it had appointed Gary W. Ferrera, age 60, to serve as its Executive Vice President and Chief Financial Officer effective as of May 10, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Tiffany Mason departed as Chief Financial Officer at Driven Brands Holdings Inc..

Action: left
Role: Chief Financial Officer

Exact text from the filing

The Company also announced that Tiffany Mason, the Company’s prior CFO, left the Company on May 4, 2023.

View on SEC.gov

Driven Brands Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-137757

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