Floor Coverings International Bolsters Leadership Team with New Hire and Promotions | FSV Stock News

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Apr 16, 2025
  • Floor Coverings International (FCI) strengthens leadership to support ambitious expansion goals.
  • Significant appointments include Hayden Shaw as Director of Franchise Development.
  • FCI targets 340 franchisees by year-end, with 14 new agreements secured.

Floor Coverings International (FCI), North America's leading flooring franchise, has announced substantial changes to its leadership team to fuel its ongoing expansion. The company is working towards increasing its network to 340 operational franchisees by the end of the year, bolstered by 14 new franchise agreements already in development.

Key leadership moves include the appointment of Hayden Shaw as Director of Franchise Development. Additionally, Albert Hermans has been promoted to Chief Development Officer (CDO), Grant Carter to Divisional Vice President – Startup, Katie Pynnonen to Senior Director of Brand Marketing, and Joe Benincasa to Divisional Senior Director of Operations.

These leadership enhancements come as FCI continues to sustain its status as the No. 1 flooring franchise in North America, a standing confirmed once again in the flooring category of Entrepreneur’s Franchise 500. The company offers a franchise model featuring Mobile Flooring Showrooms with an investment range of $183,000 to $247,000.

Performance metrics from FCI's Franchise Disclosure Document reveal that the top 50% of operators achieved an average revenue of $1.6 million in 2024, while the top 10% reached an average unit volume of $3.1 million. This reflects a solid business model designed to foster significant growth and operational success for franchisees.

For entrepreneurs interested in joining a robust and scalable franchise system with a track record of providing exceptional customer service, more information can be found on the company's franchise website.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.