Former Domino’s Pizza CFO Joins Scrubs Startup

Jeffrey Lawrence takes over the finances at Figs shortly after leaving the pizza giant

The Figs office in Los Angeles. The medical-scrubs maker said its new CFO will focus on helping maintain profitability and expand internationally.

Photo: Figs

Figs Inc. hired the former finance chief of Domino’s Pizza Inc. as its next chief financial officer as the medical-scrubs maker looks to grow its business.

Jeffrey Lawrence, who retired from Domino’s in December after 20 years at the pizza chain—including five years as CFO—started at Los Angeles-based Figs on Dec. 31. The privately held startup, which was founded in 2013, manufactures scrubs and other apparel for health-care workers.

香蕉视频苹果下载At Figs, Mr. Lawrence is the first CFO since 2019 when Karsten Loose left. In the interim, the company’s finances were led by Daniella Turenshine, its senior vice president of finance and strategy, but management in recent months determined Figs needed a permanent CFO.

Jeff Lawrence, former chief financial officer of Domino's Pizza, became the new CFO for startup Figs in December.

Photo: Domino's Pizza

香蕉视频苹果下载“Six to nine months ago, we decided that, just given the trajectory of the company, having a CFO of Jeff’s caliber would be an important part of where we’re going,” Co-Chief Executive Officer Heather Hasson said Tuesday.

In his new role, Mr. Lawrence will focus on helping Figs maintain profitability and expand internationally, beyond markets such as the U.S., the U.K., Canada and Australia where it currently operates, the company said.

香蕉视频苹果下载Mr. Lawrence’s experience overhauling Domino’s’ business, investing in technology and boosting its share price will benefit Figs, the company said.

“Jeff is very much a strategic CFO,” Co-CEO Trina Spear said. “He disrupted Domino’s, and then built it into a first-of-its-kind type of tech company for the pizza industry. What we’re doing here is we’re disrupting an antiquated industry.”

香蕉视频苹果下载Figs is considering strategic options, which could include an initial public offering in the next 12 to 24 months, Ms. Spear said. The company has raised $75 million to date. It isn’t planning on accessing additional funding, according to Ms Spear.

香蕉视频苹果下载Figs said it is profitable, but declined to provide revenue or profit figures. Its business has grown in recent months, Ms. Spear said, adding that Figs hopes to generate billions of dollars in annual revenue in the next five to 10 years.

Other startups in recent months also hired finance chiefs with public company experience. Capital One Financial Corp.’s CFO R. Scott Blackley will leave his post in March for insurance startup Oscar Health Insurance Corp., while General Motors Co. CFO Dhivya Suryadevara departed the auto maker to join online commerce firm香蕉视频苹果下载 Stripe Inc. Experienced finance chiefs who have led large organizations can develop long-term strategies and maintain financial discipline, which startups sometimes lack.

Mr. Lawrence had initially planned to take some time off after his departure from Domino’s, which was announced in July. “It was going to take something really special to get me back in the chair relatively quickly,” he said.

Write to Mark Maurer at mark.maurer@wsj.com

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