Continues to build leadership team, focuses
on next stage of growth
BurgerFi International Inc. (Nasdaq: BFI, BFIIW) (“BurgerFi” or
the “Company”), owner of leading fast-casual brand BurgerFi and the
casual dining pizza brand Anthony’s Coal Fired Pizza & Wings,
is announcing a change in senior leadership as Christopher Jones
will be joining as Chief Financial Officer on July 10, 2023. Mr.
Jones is replacing the current Chief Financial Officer Mike
Rabinovitch, who is transitioning to Lionheart Capital as a Senior
Advisor. Lionheart Capital along with its founder and the Company’s
Executive Chairman Ophir Sternberg, is the Company’s largest
shareholder. Mr. Rabinovitch will remain in his role as company
Chief Financial Officer until July 10, 2023 and is then expected to
remain with the Company and assist in the transition with Mr. Jones
until July 31, 2023 or earlier if agreed to between the Company and
Mr. Rabinovitch.
“Mike has been an instrumental part of BurgerFi’s story. We have
benefitted from his unwavering commitment and leadership these past
few years and we are grateful for the strong foundation he leaves
behind,” said Ophir Sternberg, Executive Chairman of BurgerFi
International Inc. and Founder & CEO of Lionheart Capital. “I
want to thank him for his partnership and willingness to support a
seamless transition with Chris before becoming a Senior Advisor
with Lionheart Capital.”
Chris Jones currently serves as Chief Financial Officer of
Odyssey Marine Exploration (Nasdaq: OMEX) in Tampa, Florida. As
Chief Financial Officer, Mr. Jones helps lead the transformation of
OMEX from a deep-water wreck exploration and recovery company to a
critical mineral exploration company. In addition, he has
restructured OMEX’s capital, developed and implemented new rigorous
controls and protocols within the financing and accounting team,
including the implementation of a new ERP system and SEC reporting
structure, and represented the company at various investment
conferences, investor meetings, and sell-side research queries.
Prior to OMEX, Jones served as Vice President of Corporate
Finance and Development for Mohegan (f/k/a Mohegan Gaming &
Entertainment). The New York-based company is the premier tribal
gaming & resort operator with five developments in the United
States, two in Canada, and one in South Korea. In this role, Jones
spearheaded Mohegan’s corporate finance, investor relations, and
international financial development.
Mr. Jones also cultivated his knowledge in finance on Wall
Street, where he gained extensive experience working with publicly
traded companies. For more than 17 years, he specialized in equity
research and served as an analyst for various organizations
including The Buckingham Group, Jefferies Asset Management, Lehman
Brothers, Oppenheimer & Co. Inc., Telsey Advisory Group, and
Union Gaming Securities. He also served as Assistant Vice President
for Merrill Lynch from 2002-2004. Early in his career, Jones served
in operations when he was Manager of Store Operations for Saks
Fifth Avenue.
Jones holds a Bachelor of Science from Boston University -
School of Management, where he majored in both Accounting and
Finance.
“Chris has earned extensive equity analyst experience for both
investors and companies from his years of working on Wall Street.
This sensitivity to shareholder needs balanced with his corporate
finance experience will be particularly valuable as we work toward
our next phase of growth in capital markets and other future
endeavors,” said Ophir Sternberg.
“I am excited to join BurgerFi as we look to explore all
potential solutions to drive stakeholder returns including a sharp
focus on improved productivity and returns from existing company
and franchise locations, while also considering potential accretive
acquisitions,” Mr. Jones said. “Working side by side with the new
CEO and board of directors, I look forward to reinvigorating our
stakeholder communications with investors as well as
franchisees.”
For more information about BurgerFi, visit www.BurgerFi.com. To
learn more about Anthony’s, visit www.acfp.com.
About BurgerFi International (Nasdaq: BFI, BFIIW)
BurgerFi is chef-founded and committed to serving fresh,
all-natural and quality food at all locations, online and via
first-party and third-party deliveries. BurgerFi uses 100% American
Angus Beef with no steroids, antibiotics, growth hormones,
chemicals or additives. BurgerFi's menu also includes high quality
Wagyu Beef Blend Burgers, Antibiotic and Cage-Free Chicken
offerings, Fresh, Hand-Cut Sides, and Frozen Custard Shakes and
Concretes. BurgerFi was named “The Very Best Burger” at the 2023
edition of the nationally acclaimed SOBE Wine and Food Festival,
"Best Fast Casual Restaurant" in USA Today's 10 Best 2022 Readers’
Choice Awards for the second consecutive year, QSR Magazine's
Breakout Brand of 2020 and Fast Casual's 2021 #1 Brand of the Year.
Consumer Report's Chain Reaction Report awarded BurgerFi an
"A-Grade Angus Beef" rating in 2018. In 2021, Consumer Report
praised BurgerFi for serving "no antibiotic beef" across all its
restaurants for the third consecutive year. To learn more about
BurgerFi or to find a full list of locations, please visit
www.burgerfi.com. Download the BurgerFi App on iOS or Android
devices for rewards and 'Like' or follow @BurgerFi on Instagram,
Facebook and Twitter. BurgerFi® is a Registered Trademark of
BurgerFi IP, LLC.
About Anthony's Coal Fired Pizza & Wings
Anthony's Coal Fired Pizza & Wings was acquired by BurgerFi
International Inc. (Nasdaq: BFI, BFIIW), on November 3, 2021 and is
a premium pizza and wings brand that operates 60 corporate-owned
casual restaurant locations. Known for serving fresh, never frozen
and quality ingredients, Anthony's is centered around a 900-degree
coal fired oven with menu offerings including "well-done" pizza,
coal fired chicken wings, homemade meatballs, and a variety of
handcrafted sandwiches and salads. Anthony's was named "The Best
Pizza Chain in America" by USA Today's Great American Bites and
"Top 3 Best Major Pizza Chain" by Mashed in 2021. To learn more
about Anthony's, please visit www.acfp.com.
Forward-Looking Statements
This press release may contain “forward-looking statements” as
defined in the Private Securities Litigation Reform Act of 1995,
including statements relating to BurgerFi’s estimates of its future
business outlook, prospects or financial results, including
potential growth, as well as the future employment of Mr. Jones and
resignation of Mr. Rabinovitch. Forward-looking statements
generally can be identified by words such as “anticipates,”
“believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,”
“projects,” “will be,” “will continue,” “will likely result,” and
similar expressions. These forward-looking statements are based on
current expectations and assumptions that are subject to risks and
uncertainties, which could cause our actual results to differ
materially from those reflected in the forward-looking statements.
Factors that could cause or contribute to such differences include,
but are not limited to, those discussed in our Annual Report on
Form 10-K for the year ended January 3, 2023, and those discussed
in other documents we file with the Securities and Exchange
Commission. All subsequent written and oral forward-looking
statements attributable to BurgerFi or persons acting on BurgerFi’s
behalf are expressly qualified in their entirety by the cautionary
statements included in this press release. We undertake no
obligation to revise or publicly release the results of any
revision to these forward-looking statements, except as required by
law. Given these risks and uncertainties, readers are cautioned not
to place undue reliance on such forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20230613700267/en/
Investor Relations: ICR Michelle Michalski
IR-BFI@icrinc.com 646-277-1224
Company Contact: BurgerFi International Inc. IR@burgerfi.com
Media Relations Contact: Ink Link Marketing Kim Miller
Kmiller@inklinkmarketing.com 305.333.2809
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