Allied Universal, a security and facility services company in North America, is pleased to announce that Drew Vollero has received the prestigious Orange County Business Journal’s CFO of the Year Award for a private company. Vollero received the honor at the 13th Annual CFO of the Year Awards held at the Hotel Irvine on January 30th. Awards go to Chief Financial Officers for exemplary performance in the preceding fiscal year in five categories. Murray Rudin, Managing Director of Riordan, Lewis & Haden Equity Partners in Los Angeles, was master of ceremonies. Profound impact at Allied Universal In addition to Drew Vollero, the additional award winners were: Jack Hartung of Newport Beach-based restaurant chain Chipotle Mexican Grill for Public Company Ronald Cortez of Irvine-based UCI Division of Finance & Administration for Not-For-Profit Company Jesse Timmermans of Cerritos-based fashion retailer Revolve Clothing for Rising Star Elizabeth Pagliarini of Lake Forest-based Summit Healthcare REIT for Lifetime Achievement “Drew Vollero has had a profound impact at Allied Universal since joining the company in 2018,” said Steve Jones, CEO, Allied Universal. “Drew is an exemplary leader and we are honored that he received this amazing recognition.” Improvements in the capital structure Vollero was the first CFO of Snap Inc., also known as Snapchat, who built the function from scratch and helped guide the company to an initial public offering-- one of the largest IPOs in U.S. history. As a key strategic partner to Jones, he has played a lead role in the acquisition of nine companies in 2019 and completed the successful sale of Allied Universal to new ownership with improvements in the capital structure. In addition, Vollero has focused his efforts on building a premier financial function through the addition of talented leaders, enhanced processes, and useful technology. In conjunction with key leaders at Allied Universal, he continues to drive sales growth, lower costs and improve cash flow. He earned a Bachelor’s Degree in Math and Economics with high honors from Yale University, and holds a Master’s Degree in Management from Oxford University.
Allied Universal, a security and facility services company, has named Andrew Vollero its new Chief Financial Officer. Vollero will replace Bill Torzolini, who will retire in 2019, after serving 15 years in the role. “Drew is an accomplished financial professional, evidenced by his expertise, background and achievements over his spectacular career,” says Allied Universal CEO Steve Jones. “I am confident that he is the right leader to propel our company forward over the next several years. We have accomplished so much in a short period of time under Bill’s guidance, and we thank him for his many contributions to our success. Our future outlook is incredibly bright with Drew onboard to continue to lead the charge.” Balanced approach During his career that spans three decades, Vollero has led finance, strategic planning, development, investor relations and business operations for large consumer packaged goods, digital, and entertainment companies. Most notably, he spent 15 years at Mattel, where he was a division CFO and later Senior Vice President of Corporate Development, Strategy, and Investor Relations. While there, he partnered well with business leaders by taking a balanced approach to revenue growth and cost reduction to drive shareholder value. In the early stages of Vollero's career, he held senior posts at PepsiCo and later Yum Brand’s Taco Bell division, including Controller Following his tenure at Mattel, Vollero became the first CFO of Snap (formerly Snapchat), a camera, social media and technology company. There, he built the finance function from scratch, and helped to lead Snap to a successful IPO in less than 18 months. In the early stages of his career, he held senior posts at PepsiCo and later Yum Brand’s Taco Bell division, including Controller. Explosive growth “Allied Universal is the well positioned market leader, and their explosive growth has been remarkable,” commented Vollero. “This role presents a terrific opportunity for me to join a talented team, profitably scale the global business, and continue Allied Universal’s trajectory into a world-class company.” Vollero earned a Bachelor of Arts in Math and Economics, with high honors, from Yale University and holds a Master of Science in Management from Oxford University. He resides in Laguna Niguel, California.