Unlock stock picks and a broker-level newsfeed that powers Wall Street.
Driven Brands Announces CEO Transition

In This Article:

Chief Operating Officer Daniel Rivera to Become President and Chief Executive Officer on May 9, 2025

Jonathan Fitzpatrick Stepping Down as President and CEO; Will Continue Serving on the Board of Directors as Non-Executive Chair and Serve as Senior Advisor

CHARLOTTE, N.C., February 25, 2025--(BUSINESS WIRE)--Driven Brands Holdings Inc. (NASDAQ: DRVN) ("Driven Brands" or the "Company") today announced that its Board of Directors has named Chief Operating Officer Daniel Rivera as President and Chief Executive Officer and has appointed him to the Board, effective May 9, 2025. On February 24, 2025, Jonathan Fitzpatrick, who has served as Driven Brands’ President and CEO since 2012, notified the Board of his intent to step down as President and CEO effective on May 9, 2025. Mr. Fitzpatrick will continue to serve on the Board and has been appointed as Non-Executive Chair of the Board effective May 9, 2025. Mr. Fitzpatrick has also agreed to serve as a senior advisor for the remainder of 2025, working closely with Mr. Rivera to ensure a smooth transition. Neal Aronson, current Chairman of the Board, will continue to serve as a director.

Mr. Rivera joined Driven Brands as Chief Information Officer in October 2012. Since then, he has held roles of increasing responsibility, including as Meineke Brand President; President of Take 5 Oil Change; Group President of the Maintenance segment; and, most recently, as Chief Operating Officer where he has overseen each of the Company’s business segments. Mr. Rivera previously held leadership roles at AutoNation, Burger King Corporation and General Electric.

Mr. Rivera’s appointment follows a thoughtful and comprehensive multi-year succession planning process, led by the Board’s Nominating & Corporate Governance Committee.

Peter Swinburn, Chair of the Board’s Nominating & Corporate Governance Committee, said, "Danny has made an impressive impact on Driven Brands throughout his tenure. He is a strong, focused leader with the experience, operational acumen, industry perspective, and business insights to successfully execute on Driven Brands’ strategic objectives. The Board views succession planning as one of its most important responsibilities, and we are confident Danny is the right person to lead Driven Brands."

"I am honored to be appointed as the next CEO of Driven Brands," said Mr. Rivera. "When I joined the Company 12 years ago, I was inspired by our talented team, leading brands, loyal customers and the strength of our platform. My conviction in this business and the opportunities that lie ahead has only grown since then. I look forward to continuing to build on our momentum and drive profitable growth."