Since when has Albert J. Fioravanti served as an Independent Manager for Carls Jr.?
Carls_Jr Franchise · 2025 FDDAnswer from 2025 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 20–22)
What This Means (2025 FDD)
According to the 2025 Carls Jr. Franchise Disclosure Document, Albert J. Fioravanti has served as an Independent Manager for Carls Jr. since April 2014. In addition to his role with Carls Jr., Mr. Fioravanti is employed by Lord Securities Corporation, a company providing services to the securitization and structured finance market located in New York. He has been with Lord Securities since December 1999 and currently holds the position of Managing Director.
Having an Independent Manager like Mr. Fioravanti suggests that Carls Jr. utilizes external expertise for oversight or specific decision-making processes. This arrangement could bring specialized knowledge or an unbiased perspective to the management structure of the franchise.
For a prospective franchisee, understanding the roles and responsibilities of independent managers is important. It would be prudent to inquire about the scope of Mr. Fioravanti's involvement, his impact on franchise operations, and how his role as an Independent Manager affects franchisees directly. Knowing the specific areas where his expertise is applied can provide valuable insight into the governance and strategic direction of the Carls Jr. franchise system.