Muscle Maker has appointed Jennifer Black as its new CFO. She replaces Ferdinand Groenewald, who will stay on with the company as the Chief Accounting Officer.
Muscle Maker is a franchisor and owner operator of Muscle Maker Grill, Healthy Joes and Pokemoto restaurants. It has 25 owned and 10 franchised restaurants. The company went public in February 2020 and has its head office in League City. It has a market capitalization of $15 million.
Prior to joining Muscle Maker, Ms. Black was the CFO for Eagle Pressure Control, based in the Fort Worth. She has also worked for AG Resource Management and Basic Energy Services. Ms. Black will be allowed to work from her home in the Fort Worth area and will receive a base salary of $190,000.
The head office of Muscle Maker was in Fort Worth before moving to League City last year. CEO Mike Roper is also based in the Dallas-Fort Worth area.
Mr. Groenewald joined the company in June 2017 as its Controller. He left in May 2018 but was rehired as its CFO in September 2018.