The Royal Cup family grew this week, as we hired a new Chief Financial Officer (CFO), Chip Wann.
“We are excited to welcome Chip to the Royal Cup executive team, especially during this time of growth and change within the company,” said Bill Smith, CEO of Royal Cup. “I am confident that his financial acumen and proven business leadership will add value and continue Royal Cup’s success.”
In his new role, Wann will be responsible for managing Royal Cup’s corporate finance, commodities, financial planning and analysis, accounting, tax, credit, risk management and information technology functions.
"It is an honor to join Royal Cup as chief financial officer. The company’s strong reputation, long-standing track record of success and the investments being made with long-term strategy in mind are very promising,” said Wann. “The team is well-positioned to continue the company's commitment to serving the best coffee and tea, while driving disciplined and profitable growth."
Wann has served in senior-level financial and operational positions at private-equity backed and public companies across several industries. He most recently served as chief operating officer and chief financial officer of Mspark. Prior to his time at Mspark, he served as senior vice president of financial operations for the home health division of Amedisys, Inc.
Wann also served as executive vice president and chief financial officer of Surgical Care Affiliates (SCA), where he spearheaded the establishment of SCA as its own stand-alone entity after Texas Pacific Group (TPG) acquired the Surgery Center Division of HealthSouth Corporation. Prior to his time at SCA, Wann served as vice president and chief financial officer of the life insurance, annuities and acquisition divisions of Protective Life Corporation. Additionally, Wann previously served as vice president of investor relations and corporate finance for Protective Life. He started his career in the Birmingham office of Ernst & Young, LLP.
