Benihana, a large US chain of Japanese restaurants, has hired David Flanery as chief financial officer (CFO). Formerly CFO at Papa John’s International, Flanery will be based in Miami and report directly to Richard Stockinger, chairman, president and chief executive officer (CEO). He replaces Gene Baldwin, who has served as interim CFO since January 2010 and who will continue in a transition role for a brief period.
Flanery is a seasoned restaurant executive with 17 years of experience at Papa John’s, a period that saw the company grow from a regional chain of 400 restaurants to a global brand with 3,700 restaurants in all 50 states and 32 countries. From 2004 to 2011, he was CFO, overseeing all finance functions, including SEC reporting, treasury management and investor relations. During that time, he had added responsibility for international operations for approximately three years.
Prior to becoming CFO, Flanery held senior finance positions at Papa John’s with additional responsibility, at various times, for information systems and supply chain. Before joining Papa John’s in 1994, he spent 15 years with Ernst & Young, where he rose from staff accountant to senior manager. Flanery is a certified public accountant (CPA) and holds a BSc degree in Accounting from the University of Kentucky.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.