Marco’s Pizza has named Jeffrey Rager its new chief financial officer as the 880-unit chain looks to expand nationwide.
Rager will oversee the financial strategy and capital planning for the company, with a focus on improving profitability, operational efficiency and financial performance of the pizza chain.
"Jeffrey's vast experience in creating financial strategies will make him an essential component in achieving our business and growth objectives," Tony Libardi, Marco’s president and chief operating officer said in a statement. "Jeffrey has an uncanny ability to roll out new ideas that financially support everyone from the executive level to local staff and franchisees. Jeffrey offers the perspective and leadership we need as Marco's continues to expand its nationwide footprint."
Prior to joining Toledo, Ohio-based Marco’s Pizza, Rager served as CFO of the Minneapolis-based microbrewery chain Granite City Food & Brewery, where he worked to reduce discounting to increase systemwide profitability. He has also worked with other notable chains, such as Joe’s Crab Shack and the Yum Brands portfolio of brands.
"The care and passion everyone in the Marco's Pizza family has towards one another and the business is amazing. Marco's Pizza has unlimited potential when it comes to growth," Rager said in a statement. "After 25 years of leading brands toward a path of financial productivity, I am confident that our team will be able to support the growth vision of Marco's Pizza."
Marco’s Pizza reported $561.3 million in U.S. systemwide sales and is the seventh largest pizza player in the country, according to 2018 NRN Top 200 data. In the 2017 Top 200 report, Marco’s Pizza was the third-fastest growing chain, by U.S. systemwide sales growth.
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