Shipley Do-Nuts, the Houston-based doughnut brand, named Bob McGahan its new chief financial officer, the company announced Tuesday.
McGahan previously served as CFO at private equity-owned Friedrich Air Conditioning Inc. and AirBorn Inc. and has held positions at Dell Inc. and Coca-Cola Enterprises Inc.
“I’ve been a fan of Shipley’s do-nuts and kolaches for a long time, so to come aboard during such historic growth is truly exciting,” McGahan said in a release. “As Shipley continues expanding into new markets and opening additional locations in its current markets, I’m focused on ensuring our growth produces the best financial future for the brand.”
This is the latest in a series of C-suite promotions for the quick service company. Shipley CEO Clifton Rutledge joined the company in May along with new chief operations officer Hank Simpson.
“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,” Rutledge said in a release. “Shipley is headed for monumental growth during the next decade, and Bob is the perfect CFO to help guide that evolution.”
Within the past few weeks, Shipley Do-Nuts has entered the new market of South Carolina and signed a 25-unit deal for franchising in the Dallas-Fort Worth market.
