Marco’s Pizza “Financial Engineer” Takes Seat on Board of Leading Community Hospital
Longtime VP & CFO Ken Switzer Takes New Role at Marco’s; Joins ProMedica Flower Hospital Board of Trustees
TOLEDO, Ohio - November 14, 2016 - (BUSINESS WIRE) - Ken Switzer, a key financial architect of Marco’s Pizza as Vice President and CFO during its unstoppable growth boom, is taking on a new role at the nation’s fastest growing pizza company, and putting his financial acumen and leadership skills to work in the local community as a member of the ProMedica Flower Hospital Board of Trustees.
ProMedica Flower Hospital, a 311-bed community hospital in Sylvania, OH, is an area leader in oncology services, inpatient adult psychiatric care and inpatient rehabilitation. As a Board member, Switzer will play an important role in establishing policies, managing resources and providing strategic vision for building healthy communities and fostering excellent patient experiences. The hospital has been named on multiple occasions to the Becker’s Hospital Review list of 100 Great Community Hospitals.
Switzer, who started working with Marco’s in 1987, served as the Vice President and Chief Financial Officer for Marco’s Pizza until early this year. He is credited with crafting innovative financing initiatives that helped the booming pizza franchise grow, even during the recession while other brands were struggling. In Switzer’s new role as Treasurer, he will oversee franchise finance and banking, as well as certain risk management functions.
“It was important to me and the senior management team that after 29 years I continue to play a significant role in the ongoing growth of Marco’s Pizza,” Switzer said. “By adjusting my position and responsibilities, I can still contribute to the company I’ve been dedicated to all these years, while also being able to devote time to other business interests, family, travel and philanthropy.”
During Switzer’s tenure as CFO, the company grew exponentially to more than 700 stores and currently averages at least one store opening every three days. Marco’s Pizza President Bryon Stephens credits Switzer with many of the industry’s breakthrough financial concepts that helped Marco’s grow, including being chief architect of the company’s captive leasing company, its private equity fund, and its captive loan loss guarantee entity.
“Ken has been with Marco’s for more than 29 years and has led development efforts for administrative systems that have helped grow the company to hundreds of stores,” Stephens said. “In addition to the financial concepts he crafted and lead, he played a critical role in maintaining high visibility with lenders, building and overseeing robust reporting metrics and utilizing programs to create continuity of stores during healthy and troubled economic times.”
Switzer is eager to offer similar leadership to help foster positive growth in his role on the ProMedica Flower Hospital Board of Trustees. He is particularly interested in supporting ProMedica’s work on Hunger as a Health Issue. ProMedica offerings also include an Emergency Center, a Primary Stroke Center, women’s services including private labor, delivery and recovery suites and an on-site ProMedica Total Rehab. The ProMedica Flower Hospital campus is also home to ProMedica Goerlich Center for Alzheimer’s and Dementia, ProMedica Ebeid Hospice Residence and Heartland at ProMedica.
As the only national franchise chain founded by a native Italian, Marco’s Pizza has carved out a niche in the industry as the expert in authentic Italian pizza, known for its fresh never-frozen dough made daily on site, a proprietary cheese blend that is fresh never-frozen and a secret pizza sauce recipe.
About Marco’s Pizza
Headquartered in Toledo, Ohio, Marco’s Pizza is the fastest-growing pizza company in the United States (based on the number of stores signed into development since 2007). Marco’s was founded in 1978 by Italian born, Pasquale (“Pat”) Giammarco and thrives by making Italian Pizza with fresh ingredients. The company has grown from its roots as a beloved Ohio brand to the franchisor of more than 750 stores across the United States, as well locations in the Bahamas, Puerto Rico and India. Most recently, Marco’s Pizza was ranked No. 2 on Forbes’ Top 10 Franchises to Invest In in the medium investment range and the No. 2 fastest growing U.S. chain on the Nation’s Restaurant News Top 100 report. To inquire about franchise opportunities with Marco’s Pizza visit www.marcosfranchising.com.
SOURCE Marco’s Pizza
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