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

Workforce

Restaurants have a hot opportunity to improve their reputation as employers

Reality Check: New mandates for protecting workers from dangerous on-the-job heat are about to be dropped on restaurants and other employers. The industry could greatly help its labor plight by acting first.

Financing

Some McDonald's customers are doubling up on the discounts

The Bottom Line: In some markets, customers can get the fast-food chain's $5 value meal for $4. The situation illustrates a key rule in the restaurant business: Customers are savvy and will find loopholes.

Financing

Ignore the Red Lobster problem. Sale-leasebacks are not all that bad

The decade-old sale-leaseback at the seafood chain has raised questions about the practice. But experts say it remains a legitimate financing option for operators when done correctly.

Trending

More from our partners