This promotion comes off the back of Fendley’s role as vice president of finance for the parent company.
RAVE Restaurant Group, the parent company of the Pizza Inn and Pie Five Pizza franchises, has announced the promotion of Clint Fendley to chief financial officer, effective July 5, 2021.
Fendley is no stranger to the restaurant franchising parent company, having joined in January 2020 as vice president of finance. During this time, he led the finance team and helped guide the company during the pandemic, with a focus on cost control and cash management.
Fendley also led RAVE Restaurant Group’s successful efforts to regain compliance with NASDAQ listing criteria, onboarded new auditors in 2020, and bolstered the company’s finance controls, forecasting, and analytical capabilities.
“RAVE has posted four consecutive profitable quarters while running a buffet during a pandemic. This is our most consistent quarterly earning streak in nearly a decade, thanks to our franchisees, team members, and relentless executive team, including Clint,” said RAVE Restaurant Group’s president and CEO, Brandon Solano. “The CFO title befits Clint’s contributions to our business and the esteem in which he’s held.”
Before joining RAVE, Fendley worked for 7-Eleven’s finance and data analytics teams. He began his finance career as an auditor for Price Waterhouse LLP, and has also served as a senior research analyst at Davenport & Company, LLC, an investment advisory and wealth management firm, before becoming the company’s first vice president in 2009.
“I am honored to serve as RAVE’s chief financial officer. As CFO my main objective will be to drive value for our franchisees and shareholders, while helping my team learn and thrive in this dynamic industry,” says Fendley.
“My time at RAVE has been nothing short of extraordinary. Despite the many obstacles we encountered during the COVID-19 pandemic, our team demonstrated innovation, resilience, and commitment to RAVE’s long-term success. I’m excited to continue growing the financial performance of Pizza Inn and Pie Five Pizza in this new role.”
