What's Happening?
Driven Brands Holdings Inc. has announced the election of Timothy Johnson as an independent director to its Board of Directors, effective January 1, 2026. Johnson will also serve on the Audit Committee.
With over 30 years of executive experience in global retail and consumer companies, Johnson brings significant leadership and financial expertise to the board. His previous roles include Chief Financial Officer and Chief Administrative Officer at Victoria’s Secret, and he has held executive positions at Big Lots and Limited Brands. Driven Brands, headquartered in Charlotte, NC, is the largest automotive services company in North America, providing a range of services including vehicle repair and maintenance.
Why It's Important?
The appointment of Timothy Johnson is significant for Driven Brands as it continues to execute its growth and cash strategy. Johnson's extensive experience in financial management and strategic planning is expected to provide valuable insights as the company navigates the competitive automotive services landscape. His leadership is anticipated to support Driven Brands in achieving its strategic objectives, potentially leading to enhanced shareholder value and market position. The move underscores the company's commitment to strengthening its governance and operational capabilities.
