Roark Capital Group, a private equity firm that owns 14 franchise companies with collectively more than $3 billion in system-wide revenues, announced today that Cinnabon, Inc. President Geoff Hill will join Roark Capital as Vice President, effective January 1, 2010.
Hill will assist newly named Cinnabon President Gary Bales during a transition period until the end of the year, when he will assume full time duties at Roark. Bales currently serves as President of Carvel, and will ultimately serve over both brands. Carvel and Cinnabon are both in the FOCUS Brands group, owned by Roark Capital.
At Roark, Hill will be responsible for helping find new investment opportunities in franchising as well as assisting the management teams of the current franchise portfolio companies in operations and best practices.
“Geoff is an accomplished franchise executive who brings a wealth of experience, passion and enthusiasm to Roark,” said Roark Capital Founder/Managing Partner Neal Aronson. “Our portfolio companies will benefit tremendously from his skills in franchise development, brand building and operations.” Read more.