Coffeehouse chain Spot Coffee has named Colleen Hobson as its new chief financial officer (CFO).
Hobson will succeed Ying Chen who helped the company increase its presence to 24 locations across the country over the last few years.
Currently working as a certified public accountant, Hobson previously served as the CFO of Spot Coffee and is re-joining the company now.
Hobson maintained the role of consultant to the company’s chairman and directors, which allowed her to be aware of the company’s progress and developing business plan.
After joining the coffeehouse chain, Hobson will formulate business and financial strategies for its projected expansion to 50 locations by the end of 2020.
Spot Coffee executive chairman John Lorenzo said: “Since 2001, I have been working closely with Colleen in many ways; as an auditor, financial consultant and chief financial officer.
“Under my direction, and with the full support of our management team, Colleen has already begun working on a thorough financial analysis aimed at the intelligent reduction of costs through automation and selective outsourcing where applicable.
“Our top priorities are to maintain quality and improve our systems in preparation for further growth.”
Spot Coffee operates and franchises community oriented cafés and express cafés in New York State. It offers made-to-order meals and micro-roasted coffee to customers across the US and Canada.
The company’s commercial business sells roasted coffee beans to foodservice and grocery chains, business offices and third party resellers such as universities and hospitals.