Driven Brands Appoints Timothy Johnson as Independent Director

By Chris Stiles • Monday, December 22 09:36 • Permanent Link

Driven Brands Holdings Inc. (NASDAQ: DRVN) has announced the appointment of Timothy Johnson as an independent director to its Board of Directors, effective January 1, 2026. Johnson, who brings over 30 years of executive experience in global retail and consumer companies, will also serve as a member of the Audit Committee.

Having most recently served as Chief Financial Officer and Chief Administrative Officer of Victoria’s Secret until his retirement in May 2025, Johnson's appointment is seen as adding valuable leadership and financial expertise to the Board. He has had oversight for financial reporting, controls, financial planning and analysis, risk management, internal audit, tax, investor relations, project management, and IT functions.

Johnson's earlier career includes executive leadership roles with Big Lots from 2000 to 2019, including as Chief Financial Officer and Chief Administrative Officer, as well as various finance roles at Limited Brands from 1992-2000. Johnson began his career with the accounting firm Coopers & Lybrand, and he also serves on the boards of directors of Brinkers International and Dollar Tree Stores.

With Johnson's appointment, Driven Brands is looking forward to leveraging his experience at a pivotal time as it continues to execute on its growth and cash strategy. The Company, headquartered in Charlotte, NC, is the largest automotive services company in North America, providing a range of consumer and commercial automotive services, including paint, collision, glass, vehicle repair, oil change, maintenance, and car wash. Prior to the completion of the IMO transaction, Driven Brands has approximately 4,900 locations across the United States and 13 other countries, and services tens of millions of vehicles annually. Driven Brands’ network generates approximately $2.1 billion in annual revenue from approximately $6.3 billion in system-wide sales. Following these announcements, the company's shares moved -1.63%, and are now trading at a price of $15.09. For more information, read the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.