Leadership

BurgerFi appoints a CFO

Michael Rabinovitch starts work at the newly public fast casual on April 1.
BurgerFi
Photo courtesy BurgerFi

BurgerFi on Wednesday announced it has appointed Michael Rabinovitch as chief financial officer.

Rabinovitch, who has served as a financial executive for 25 years at a variety of retail and distribution companies, begins work at the fast casual on April 1.

He most recently served as chief accounting officer at Tech Data Corporation and has also worked for Office Depot, Mayors Jewelers and Claire’s Stores.

“As BurgerFi continues to accelerate its growth strategy, Michael’s extensive experience in acquisitions, business processes and managing the strong financial structure and growth of large public companies adds significant value to our organization,” BurgerFi Executive Chairman Ophir Sternberg said in a statement.

BurgerFi went public late last year after being acquired by Opes Acquisition Corp., a special purpose acquisition company, or SPAC.

The burger chain, which also recently hired a COO and appointed lifestyle guru Martha Stewart to its board, has said it intends to open up to 35 new restaurants this year and 40 to 45 new units in 2022.

 

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Financing

Why are so many restaurant chains filing for bankruptcy?

The Bottom Line: A combination of rising costs and weakening sales, and more expensive debt, has caused real problems for restaurant chains. But the industry is also really difficult.

Financing

Despite their complaints, customers keep flocking to Chipotle

The Bottom Line: The chain continued to be a juggernaut last quarter, with strong sales and traffic growth, despite frequent social media complaints about shrinkflation or other challenges.

Operations

Hitting resistance elsewhere, ghost kitchens and virtual concepts find a happy home in family dining

Reality Check: Old-guard chains are finding the alternative operations to be persistently effective side hustles.

Trending

More from our partners