TL;DR
Mathnasium, a math tutoring franchise, ranked No. 80 in Entrepreneur's Franchise 500 ranking. The company strengthened its core leadership team with new appointments, including Michael Davis as CEO, Michael Stanfield as CMO, and Kevin Shen as CDO.
The annual list is a highly sought-after honor in the franchise industry, as it serves as an invaluable resource for new and existing entrepreneurs who are seeking credible and reputable brands. The ranking formula evaluates brands on several factors, including costs and fees, size and growth, support, brand strength, and financial strength and stability.
The company also strengthened its core leadership team:
Michael Davis appointed as Chief Executive Officer
Michael Stanfield appointed as Chief Marketing Officer
Kevin Shen appointed as Chief Development Officer
“Our team at the head office, franchisees and their employees have a front row seat to seeing how many lives can change through learning math and the impact it has on families, communities and entrepreneurs,” said Michael Davis, CEO of Mathnasium. “The foundation of Mathnasium’s success was built on furthering this mission and seeing the rewarding results. We plan to further our global reach by partnering with existing franchisees who are expanding and new multi-center investors who want to join an industry leading, worldwide network, with a time-tested business model and curriculum.”
In this story
This story was originally published in Franchising.com on February 24, 2023. Burnaze summarizes and links to the original reporting.
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