Xperience Restaurant Group’s (XRG) Chief Financial Officer Ned Algeo on Monday announced his departure from the restaurant operator after five years in the position.
Algeo, who counts 20 years in finance, is leaving to start his own consulting firm based in Newport Beach called Multipli Capital. In addition to Xperience, he has also worked for Boldyn, previously known as Mobilitie, The Wonderful Company and Boeing in financial roles.
Multipli will be focused on the restaurant sector as it launches this month.
“Domestic restaurant sales are projected to eclipse $1 trillion for the first time in 2024, with technological advancements continuing to add new channels for growth,” Algeo said on LinkedIn.
“These trends, along with the fragmented nature of the market, provide a convergent opportunity unique to the space,” he added.
Algeo was named Outstanding CFO of a Private Company at the Business Journal’s 15th annual CFO of the Year Awards in 2022.