Staffing

Savory promotes 2 leaders to president, VP of finance

Photo: Savory

November 28, 2023

Savory, a private equity firm based in Utah, has promoted Tyler Nelson to president and Richie Stevens to VP of Finance for Savory Fund.

Nelson, formerly Savory's CFO, has 23 years of experience in accounting and finance, capital structure advisory, development of infrastructure and controls, and strategic mergers and acquisitions.

"Tyler is a powerful asset," Shauna K. Smith, CEO of Savory, said in a company press release. "He has been my partner in this work for many years, and he has been a vital player in Savory's pivotal and strategic decisions. I have leaned on him for his analytical perspective, and I'm grateful to work shoulder to shoulder with such a supportive, strong leader."

Stevens, who was previously director of Finance for Savory, has 13 years of experience in finance and accounting for growth companies, as well as M&A diligence and post-acquisition integration.

"Richie continually demonstrates unparalleled leadership and vision," Andrew K. Smith, managing director and co-founder of Savory Fund, said in the release. "He is an integral part of the acquisition, growth, and development of our brands, and he has been a true partner, power player, and change-maker."

Savory has 11 portfolios operating over 170 restaurants in 12 states and will add over 70 locations in 2024.