Driven Brands Announces CEO Transition
Chief Operating Officer Daniel Rivera to Become President and Chief Executive Officer on May 9, 2025
Jonathan Fitzpatrick Stepping Down as President and CEO; Will Continue Serving on the Board of Directors as Non-Executive Chair and Serve as Senior Advisor
Mr. Rivera joined Driven Brands as Chief Information Officer in October 2012. Since then, he has held roles of increasing responsibility, including as Meineke Brand President; President of Take 5 Oil Change; Group President of the Maintenance segment; and, most recently, as Chief Operating Officer where he has overseen each of the Company’s business segments. Mr. Rivera previously held leadership roles at AutoNation, Burger King Corporation and General Electric.
Mr. Rivera’s appointment follows a thoughtful and comprehensive multi-year succession planning process, led by the Board’s Nominating & Corporate Governance Committee.
Peter Swinburn, Chair of the Board’s Nominating & Corporate Governance Committee, said, “Danny has made an impressive impact on Driven Brands throughout his tenure. He is a strong, focused leader with the experience, operational acumen, industry perspective, and business insights to successfully execute on Driven Brands’ strategic objectives. The Board views succession planning as one of its most important responsibilities, and we are confident Danny is the right person to lead Driven Brands.”
“I am honored to be appointed as the next CEO of Driven Brands,” said Mr. Rivera. “When I joined the Company 12 years ago, I was inspired by our talented team, leading brands, loyal customers and the strength of our platform. My conviction in this business and the opportunities that lie ahead has only grown since then. I look forward to continuing to build on our momentum and drive profitable growth.”
Mr. Fitzpatrick said, “Serving as Driven Brands’ CEO has been the most rewarding and fulfilling accomplishment of my professional career. I am grateful to our world-class team for its commitment to our customers, franchisees, company and each other, and I am deeply proud of what we have accomplished. I have tremendous confidence in Danny and his ability to lead the Company into the future. I look forward to continuing to work with Danny and the Board to achieve our goals.”
Mr. Swinburn added, “On behalf of the full Board, I thank Jonathan for his extraordinary vision and leadership, including growing the business from
Driven Brands noted that, in connection with the CEO transition, the Board will be expanded to 11 directors.
About Driven Brands
Driven Brands™, headquartered in
Disclosure Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identified by the use of forward-looking terminology, including the terms “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and, in each case, their negative or other various or comparable terminology. All statements other than statements of historical facts contained in this Press Release, including statements regarding our strategy, future operations, future financial position, future revenue, projected costs, prospects, trends, plans, objectives of management, impact of accounting standards and outlook, impairments, and expected market growth are forward-looking statements. In particular, forward-looking statements include, among other things, statements relating to: (i) our strategy, outlook and growth prospects; (ii) our operational and financial targets and dividend policy; (iii) general economic trends and trends in the industry and markets; (iv) the risks and costs associated with the integration of, and our ability to integrate, our stores and business units successfully; (v) the proper application of generally accepted accounting principles, which are highly complex and involve many subjective assumptions, estimates, and judgments and (vi) the competitive environment in which we operate. Forward-looking statements are not based on historical facts, but instead represent our current expectations and assumptions regarding our business, the economy and other future conditions, and involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. It is not possible to predict or identify all such risks. These risks include, but are not limited to, the risk factors that are described under the section titled “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 30, 2023 as well as in our other filings with the Securities and Exchange Commission, which are available on its website at www.sec.gov. Given these uncertainties, you should not place undue reliance on these forward-looking statements.
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Shareholder/Analyst inquiries:
Dawn Francfort
ICR, Inc.
investors@drivenbrands.com
(203) 682-8200
Media inquiries:
Taylor Blanchard
taylor.blanchard@drivenbrands.com
(704) 644-8129
Source: Driven Brands