Staffing

Shipley Do-Nuts hires CFO

Shipley Do-Nuts, a restaurant franchisor and manufacturer of specialty food products, has hired Bob McGahan as its chief financial officer. Provided

December 7, 2021

Shipley Do-Nuts, a restaurant franchisor and manufacturer of specialty food products, has hired Bob McGahan as its chief financial officer, according to a company press release.

Prior to joining Shipley Do-Nuts, McGahan served as CFO at private equity-owned Friedrich Air Conditioning and AirBorn and has also held management positions at Dell and Coca-Cola Enterprises. He has experience in private equity, capital markets, risk management, operations management and mergers and acquisitions. McGahan started at Shipley in November.

"Bob knows how to aggressively grow a brand in a thoughtful, purposeful way, which was a big factor in our decision to bring him on board," Shipley CEO Clifton Rutledge said in the release. "Shipley is headed for monumental growth during the next decade, and Bob is the perfect CFO to help guide that evolution."

McGahan, who has a master's in business administration from the University of Mississippi and is a certified public accountant, said he's looking forward to delivering results for Shipley's franchisees, employees and customers.

"I've been a fan of Shipley's Do-nuts and kolaches for a long time, so to come aboard during such historic growth is truly exciting," McGahan said in the release. "As Shipley continues expanding into new markets and opening additional locations in its current markets, I'm focused on ensuring our growth produces the best financial future for the brand."

Shipley, now with more than 330 locations, has franchise commitments in place to open an additional 300 stores over the next five years in Texas and across the Southeast.