Having Words with Vernon Hill 2008-07-13
Posted Date July 2008
By: Nations Restaurant News
Saladworks Inc., an up-and-coming, fast-casual operator and franchisor, just landed a fresh infusion of green and a new partner. Vernon W. Hill II, the founder of Commerce Bank and its retired chairman and chief executive, earlier this month made an undisclosed minority investment in the Conshohocken, Pa.-based chain and will serve as chairman of the company’s executive committee.
John Scardapane, Saladworks’ founder, chairman and chief executive, remains the brand’s majority shareholder and will continue in his current roles. He said he is “humbled” to be working with Hill, a true American entrepreneur who has built one of the most recognized brands in financial services.