Leveraging two decades of diverse experience, including 15 years in operational, consulting, and transactional roles in the restaurant, foodservice, and consumer retail sectors, Derrick has dedicated his career to driving improvements in operations and profitability.
His focus areas include strategic menu pricing, sales channel profitability, overhead cost reduction, store-level operations, new-business assessment, and financial modeling.
Before joining AlixPartners, Derrick owned and operated Papa John’s units as a franchisee, growing average sales to nearly $1 million and achieving 95% customer service satisfaction levels. Additionally, his background includes private equity and investment banking, where he was involved in several restaurant and retail transactions.
Key engagements and career highlights:
- Serving as interim finance officer for a $2B national restaurant chain, rebuilding the operating model based on financial and market conditions, and presenting it to the board and potential buyers during strategic alternatives exploration.
- Implementing a transformational program for a large national brand, focusing on change management, waste reduction, and labor optimization to drive sustainable results.
- Designing a refranchising model for an international coffee chain, grounded in corporate store unit economics and direct G&A adjustments, identifying EBITDA benefits.
- Leading a menu reengineering initiative for an international division of a major limited-service chain, increasing run-rate profitability through competitive assessment, consumer insights, and pricing programs.
Specializing in finance and operations, Derrick has a proven track record of boosting store profitability, spearheading in-store enhancements, optimizing labor efficiency, and crafting strategic organizational frameworks.
His approach combines analytical rigor with a visionary outlook, aiming to continuously elevate business operations and contribute to sustainable growth based on collaboration. Derrick holds an MBA from Harvard Business School.