Since when has Albert J. Fioravanti served as the Independent Manager for Carls?
Carls Franchise · 2024 FDDAnswer from 2024 FDD Document
Mr. Fioravanti has served as our Independent Manager since April 2014. He has been employed by Lord Securities Corporation ("Lord Securities"), which provides services to the securitization and structured finance market, located in New York, NY, since December 1999 and currently serves as Managing Director for Lord Securities.
Source: Item 2 — BUSINESS EXPERIENCE (FDD pages 19–21)
What This Means (2024 FDD)
According to Carls's 2024 Franchise Disclosure Document, Albert J. Fioravanti has served as the Independent Manager for Carls since April 2014. In addition to his role with Carls, Mr. Fioravanti has been employed by Lord Securities Corporation since December 1999, where he currently holds the position of Managing Director. Lord Securities provides services to the securitization and structured finance market and is located in New York, NY.
This information is relevant to prospective franchisees as it provides insight into the background and experience of one of the individuals managing Carls. Knowing that Mr. Fioravanti has a long tenure with both Carls and Lord Securities may give franchisees confidence in his ability to oversee and manage aspects of the franchise operations.
The FDD also lists other key personnel and their respective start dates with Carls, such as Leonard Padula (Independent Manager since February 2017), Christopher Maxwell Wetzel (Chief Executive Officer since March 2023), and Blake Devillier (Brand President, Carl's Jr. since April 2024). Reviewing the experience and backgrounds of the management team can help potential franchisees assess the leadership and expertise guiding the Carls franchise system.