Floor Coverings International Bolsters Leadership Team with New Hire and Promotions
Rhea-AI Summary
Floor Coverings International (FCI), North America's leading flooring franchise, announces significant leadership team changes to support its expansion goals. The company aims to reach 340 operating franchisees by year-end, having already secured 14 new agreements.
Key appointments include Hayden Shaw as Director of Franchise Development and internal promotions of Albert Hermans to Chief Development Officer, Grant Carter to Divisional Vice President – Startup, Katie Pynnonen to Senior Director of Brand Marketing, and Joe Benincasa to Divisional Senior Director of Operations.
The company's business model features Mobile Flooring Showrooms with investment costs ranging from $183,000 to $247,000. Performance metrics show the top 50% of operators generated $1.6 million in average revenue in 2024, while the top 10% achieved $3.1 million in average unit volume.
Positive
- Strong financial performance: Top 50% franchisees average $1.6M revenue, top 10% reach $3.1M
- Demonstrated growth with 14 new franchise agreements secured
- Strengthened leadership team with strategic appointments and promotions
- Maintains #1 position in flooring category on Entrepreneur's Franchise 500
Negative
- Significant initial investment required ($183,000-$247,000)
News Market Reaction 1 Alert
On the day this news was published, FSV gained 0.76%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
No. 1 Flooring Franchise in North America Enhances Leadership Bench with Seasoned Franchise Development Experts
This news comes on the heels of Floor Coverings International's continued franchise development success, specifically breaking records with growth and securing, once again, the No. 1 spot in the flooring category on Entrepreneur's Franchise 500. With a goal to reach 340 operating franchisees by the end of the year, the brand has already made headway, with 14 new signed agreements in various stages of development.
Executive Moves
- Albert Hermans began his career with FCI in 2015, initially serving on the Operations Team, working closely with franchisees to optimize business performance and streamline operations. In 2020, he transitioned to the Franchise Development Team, leveraging his hands-on operational experience to guide prospective franchisees through the process of business ownership. As CDO, his focus is on expanding FCI's franchise network, and ensuring that every franchisee is supported in scaling their business.
- Grant Carter has been with FCI since 2023, starting out as the Senior Director of Operations for New Franchise Development, where he worked with new franchisees to develop and strategically grow their businesses. This year, he was appointed Divisional Vice President – Startup within the New Franchise Development Program at FCI. Under his leadership, the Startup team provides world class training and high-touch operational support and coaching for the brand's newest franchise owners.
- Hayden Shaw began his franchising career in 2019, specializing in franchise development marketing for emerging brands. In 2020, he transitioned to a franchise sales role with Authority Brands. This year, Shaw joined FCI as the Director of Franchise Development, drawn to the brand's core values: delivering on promises, respecting individuals, taking pride in one's work, staying open to new possibilities, and committing to continuous improvement. As he integrates into FCI's system and culture, his main focus is on attracting top-tier franchisees whose vision and goals align with the brand's mission.
- Katie Pynnonen began her career with FCI in 2017 as a Growth Marketing Manager. She quickly moved through the ranks focusing on FCI's brand marketing strategies and lead generation. In 2023 she became the Director of Brand Marketing, and in December of 2024 she was promoted to her current role as Senior Director of Brand Marketing. Katie is responsible for overseeing the development and execution of integrated marketing strategies, aiming to enhance brand visibility, drive customer engagement, and support the franchise network's growth.
- Joe Benincasa began his career with FCI in 2019, initially serving as the brand's Director of Operations. Prior to FCI, Joe was a General Manager at Lowe's for nine years, then a General Manager at Micro Center for nine years. This year, he was appointed as Divisional Senior Director of Operations at FCI, where he will be responsible for overseeing franchisee operations and ensuring efficiency.
"FCI is constantly evolving as we scale to maintain our position as the leading flooring franchise in
Floor Coverings International's unique business model of offering personalized in-home experiences with mobile showrooms has set it apart from the competition. With total investment costs ranging from
According to Floor Coverings International's Franchise Disclosure Document, the top 50 percent of operators generated
For more information about the franchise opportunity, please visit https://flooring-franchise.com/ or call 877-559-3496.
About Floor Coverings International
Floor Coverings International is the #1 Mobile Flooring franchise in
*See Item 7 of our current Franchise Disclosure Document for more information and context about the initial investment.
*Please see Item 19 of the current Franchise Disclosure Document for more information. Results may differ. There is no assurance that any franchisee will perform as well.
Media Contact: Bianca Thiros, Fishman Public Relations, 847-945-1300, or bthiros@fishmanpr.com
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SOURCE Floor Coverings International