Industry News | September 30, 2008

Red Mango Gets CFO

Mark J. Archer has been named chief financial officer for Red Mango. Archer will be responsible for all aspects of Red Mango's financial, accounting, and administrative operations. He joins Red Mango with more than 25 years of experience in hospitality, franchising, multi-unit retail, and other consumer-facing businesses.

"We are very fortunate to have Mark joining our executive team, as he has extensive experience in leading the finance and accounting functions at both large established restaurant franchises and start-ups, making him ideally suited for Red Mango," says Dan Kim, founder, president & CEO of Red Mango. "Mark's appointment nearly completes the formation of the Red Mango executive team which was an objective of our previously announced $12 million round of financing with CIC Partners," adds John Antioco, chairman, Red Mango board of directors.

Previously Archer was chief financial & administrative officer at Allied Cash Holdings, LLC, where he raised over $72 million in capital to fund store growth. Throughout his career, Archer has held several executive financial positions in successful businesses such as Coffee People Worldwide, Jamba Juice Company, and Del Taco Inc., among others.

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