The growing multi-concept platform Savory has promoted two executives in preparation for more growth.
The Lehi, Utah, company has named Tyler Nelson president of Savory, the overall platform that includes 11 brands, such as Swig, R&R BBQ, Pincho, Via 313 and Mo’ Bettahs Hawaiian Style Food. Nelson served previously as CFO.
In addition, Richie Stevens is now VP of finance for Savory Fund, the private-equity firm that invested in the 11 emerging brands. Stevens was previously Savory’s director of finance.
Savory CEO Shauna Smith described Nelson as “a powerful asset,” saying he has been a vital player in the group’s pivotal and strategic decisions. “I have leaned on him for his analytical perspective, and I’m grateful to work shoulder-to-shoulder with such a supportive, strong leader,” Smith said.
Andrew Smith, managing director and co-founder of Savory Fund, said Stevens has been “a true partner, power player and changemaker” for the fund, which has more than $600 million in assets under management.
Savory has been building its portfolio, most recently investing in Houston TX Hot Chicken, an 11-unit franchise brand in six states. Other brands include Saigon Hustle, Hash Kitchen, The Sicilian Butcher and the restaurant equipment repair service 86 Repairs.
As a whole, Savory operates more than 170 restaurants in 12 states and expects to see more than 70 restaurant openings in 2024.
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