ArrowStream Adds Experienced CFO to Executive Management Team in Preparation for Next Growth Phase
John Harvey brings strong growth-oriented background from privately & publicly held companies
CHICAGO, October 7, 2009 – ArrowStream, a leading provider of supply chain solutions for the foodservice industry, announced today that John Harvey will join the company November 10 as Chief Financial Officer (CFO). He will be responsible for all financial aspects of the company.
Harvey will replace Mary Healy, ArrowStream’s current CFO, who announced her retirement earlier this year.
Harvey brings a wealth of experience from rapidly growing companies to ArrowStream, serving most recently as CFO of Redbox Automated Retail, LLC and then as CFO of Redbox’s publicly traded parent, Coinstar, Inc. Prior to Redbox, Harvey was with JetBlue Airways Corporation where he supported the company’s growth from an entrepreneurial start-up to a mature, $3 billion operation serving initially as Vice President & Treasurer and then as Executive Vice President & CFO.
Harvey’s proven ability to build financial teams, discipline and processes that deliver operational insight for rapidly growing companies is crucial as ArrowStream continues its growth trajectory. As the premier provider of supply chain solutions for the foodservice industry, ArrowStream serves blue-chip customers such as Wendy’s, Church’s Chicken, Steak n Shake, and ARCOP, Arby’s purchasing cooperative group.
Key to the company’s rapid success is The ArrowStream Network, which is the largest most extensive system of restaurants chains, distributors and manufacturers in the foodservice industry with more than 2,300 partners and more than $15 billion of transactions on an annual basis.
“When Mary announced her retirement we were concerned about finding someone with equal skills. We are thrilled about the addition of John Harvey to our executive team. His leadership, experience and core values are particularly relevant to the next phase of our evolution and will enhance our already strong financial position as we continue to expand The Network and fulfill ArrowStream’s commitment to delivering supply chain innovation and mutually beneficial solutions to our customers,” said Steven LaVoie, CEO and Chairman of ArrowStream.
About ArrowStream
ArrowStream is committed to helping customers and their supply chain partners improve operations and the bottom line. ArrowStream transforms the foodservice supply chain through patented, innovative solutions that help trading partners achieve results collectively that they could not reach individually. The company’s Network is the largest, most extensive collection of restaurant operators, distributors and manufacturers in the foodservice industry. More than $15 billion of product moves through and is tracked in the ArrowStream Network providing operational efficiencies, economies of scale and financial benefits to all trading partners in it.
Founded in 2000, ArrowStream quickly earned a reputation as a premier provider of supply chain solutions for the foodservice industry serving blue-chip customers such as Wendy’s, Church’s Chicken, Steak n Shake, and ARCOP, Arby’s purchasing cooperative group.
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