Driven Brands announces executive transition - Professional Carwashing & Detailing

Driven Brands announces executive transition

CHARLOTTE, N.C. — Prior to becoming a CFO, Ferrera spent close to a decade as an investment banker in both New York and London.

CHARLOTTE, N.C. — Driven Brands Holdings Inc. announced in a press release that Gary W. Ferrera has been appointed executive vice president and chief financial officer, effective May 10, 2023.

Ferrera will report to President and Chief Executive Officer Jonathan Fitzpatrick and succeeds Tiffany Mason.

“Gary is a proven leader who brings deep experience leading financial teams, a strong track record in successfully driving growth strategies and M&A expertise,” said Fitzpatrick. “We are very pleased to welcome Gary to the Driven team and I look forward to partnering with him as we continue to focus on execution, delivering results and enhancing value for our shareholders.”

Ferrera has extensive financial experience and has served as a CFO for various firms across multiple industries for nearly two decades, during which he took two companies public.

Most recently, he served as the CFO of Skillsoft Corporation, an educational software company. 

Prior to Skillsoft, he spent four years as the CFO of Cardtronics, Plc., and served as CFO at DigitalGlobe, Inc.; Intrawest Resorts Holdings, Inc.; Great Wolf Resorts, Inc.; National CineMedia, Inc.; and Unity Media.

Prior to becoming a CFO, Ferrera spent close to a decade as an investment banker in both New York and London. 

“I am thrilled to be joining the Driven Brands family at such an exciting time in the company’s development,” Ferrera said. “Driven is the clear leader in automotive aftermarket services with strong brands, distinct competitive advantages and significant opportunities ahead in a highly fragmented and needs-based business. I look forward to working with Jonathan and the leadership team to execute on the strategy and build on the strong growth the company has delivered over time.”

Ferrera received a bachelor’s degree in accounting from Bentley University and his MBA in Finance and Strategy from the Kellogg School of Management.

Prior to university, he served over seven years on active duty in U.S. Army Special Operations and Intelligence, and an additional 12 years in the reserves.

Of Mason’s role, Fitzpatrick commented, “Tiffany has played a key role in many of our milestones over the last few years and we appreciate her contributions to the company.”

The company reaffirms its fiscal 2023 guidance for revenue of approximately $2.35 billion, adjusted EBITDA of approximately $590 million and adjusted earnings per share of approximately $1.21.

You May Also Like

Splash opens 41st New York location

MILFORD, Conn. — Now operating 70+ sites across four states, Splash continues rapid expansion with its newest location in Clay, New York.

MILFORD, Conn. — Splash Car Wash announced in a press release the opening of its 41st New York location, an express wash located in Clay, New York.

This marks Splash's third greenfield site opened this year and seventh in the last 12 months.

Splash now has over 70 carwashes open or under development in New York, Connecticut, Vermont and Maryland.

Super Star Car Wash opens 100th carwash

CHANDLER, Ariz. — The 100th Super Star Car Wash offers express services and is celebrating with free washes and special deals.

100th-super-star-car-wash
Waters CarWash expands in Orlando

PALM BEACH GARDENS, Fla. — Waters CarWash opens its 16th location in the greater Orlando, Florida, area with 22 locations across the state.

waters-millenia
WhiteWater Express partners with Make-A-Wish

HOUSTON — WhiteWater Express partners with Make-A-Wish for ‘Washes for Wishes’ campaign.

NCS partners with Spot AI

GRIMES, Iowa and SAN FRANCISCO — The companies are partnering to integrate AI-powered video management into carwash operations.

Other Posts
DRB launches innovative marketing automation platform

AKRON, Ohio — DRB launches Catalyst, a marketing automation platform for carwashes, offering targeted campaigns, email and SMS messaging.

DRB-logo
PRT releases 28 new complete struts in North America

BUFORD, Ga. — The new items represent nearly six million vehicles in new coverage and expand the PRT portfolio in the North American aftermarket.

prt-28-new-products
Whistle Express launches new app, chemical line, signage

CHARLOTTE, N.C. — Whistle Express streamlines access to its mobile app, updates signage and announces its exclusive Diamond Plus chemical.

Whistle Express car wash - magnolia holdings
Cheetah Clean completes conversion of WaterWorks Auto Washes

BOWLING GREEN, Ky. — The new Cheetah Clean Auto Washes are set to have grand openings over the next three weeks.