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Shipley Do-Nuts rounds out its C-suite with a new CFO

Bob McGahan has experience in private equity, risk management and other areas to help the 330-unit franchisor, the chain said.
Shipley Do-Nuts
Photograph: Shutterstock

Shipley Do-Nuts has hired Bob McGahan as its chief financial officer, the chain announced Tuesday.

McGahan previously served as chief financial officer at Friedrich Air Conditioning and AirBorn Inc. and has also held management posts at Dell and Coca-Cola Enterprises.

Houston-based Shipley has more than 330 locations, with franchise commitments to open another 300 units over the next five years in Texas and across the Southeast.

"Bob knows how to aggressively grow a brand in a thoughtful, purposeful way, which was a big factor in our decision to bring him on board," Shipley CEO Clifton Rutledge said in a statement. "Shipley is headed for monumental growth during the next decade, and Bob is the perfect CFO to help guide that evolution."

McGahan has experience in private equity, capital markets, risk management, operations management, and mergers and acquisitions, the chain said.

In July, Shipley hired a new CMO in Donna Josephson, a move that came just two months after Rutledge was named the chain’s CEO and Hank Simpson was named chief operating officer.

Peak Rock Capital acquired Shipley in January, buying the doughnut-and-coffee concept from the founding family that had owned it since 1936.

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