Our Leadership Team

 

The Leadership Team

Velocity Brands is led by a team of experienced business professionals with more than 100 years experience in successful retail and restaurant development, management and operations. Velocity Brands LLC's Managers & Board of Directors are the principle owners of the Company and are actively involved in the daily management and operations of the business, the setting of the long term strategic direction for the Company and establishing key goals for the Annual Operating Plan.

Steven H. Townsend - Partner, Chief Executive Officer and Chairman of the Board

Steve is a highly accomplished business executive with significant leadership experience with developing companies in emerging markets. Steve Townsend is currentlty a director of Roark Capital. From 1981 to 2006, Steve held a succession of senior executive positions with United Natural Foods, Inc., a publicly-traded natural foods distributor and retailer.  During his tenure as Chairman and CEO from 2001 to 2005, UNF increased sales from $1 billion to $2.8 billion, managed 29 acquisitions and drove a 10-fold increase in its stock price.  Since 2006 Steve has managed private investments and is currently a Director with Savings Institute Bank and Trust Company.  Previously he held senior management accounting roles with Harris Corporation and Tupperware Corporation.  Steve is a Certified Management Accountant (1982), holds a BS in Accounting (1976) and a MBA in Management and Information Systems (1980) from Bryant University. 


Steven A. Galloway  - Partner, President & Chief Operating Officer

As the senior operating partner Steve is singularly focused on managing the business of Velocity Brands LLC.  As President and COO, Steve is responsible for implementing the Company's strategic direction initiatives as set forth by the Board of Directors and guiding the daily operating tactics to achieve the Company's Annual Operating Plan and keep the enterprise moving forward.  Widely recognized as an accomplished leader in QSR operations and development, Steve has more than 30 years of experience serving in senior executive positions with many regional, national and international restaurant brands franchised systems.  Previously he held senior management, development and marketing positons in notable restaurant, retail, manufacturing and non-profit companies throughout North America and the Middle East.  He earned a BS from the University of Louisiana, a MS from the University of Georgia, and a MBA in Management from Xavier University.


Terence J. Conklin - Partner, Manager and Chief Financial Officer

Terry is an active operating partner and serves as Velocity Brands LLC's Manager and CFO.  He works closely with Steve in managing the Company's regular interactions with Dunkin Brands, real estate developers, and various support agencies to implement the Company's initiatives and achieve the Annual Operating Plan.  Terry is an accomplished and successful operational and finance executive who has for more than 30 years provided investment advice, consulting and management services to a wide range of affluent private family owned enterprises.  He has managed significant investments in sustantial hedge, private equity and real estate funds, directed numerous mergers and acquisitions, including workouts of distressed investments, and has guided the development and management of significant commercial real estate projects.  He holds a BS degree in Accounting Finance from Lehigh University (1979), and is a Certified Public Accountant (1980) and Certified Financial Planner (1989).  


Allen K. Deary - Partner and Director

Allen is a princial investor and member of the Board of Directors of Velocity Brands LLC.  Since the early 1990s Allen has been the founder and/or served as the CEO, CFO, President and/or Sr./Exec VP with numerous software systems developers, cloud-based performance management tools providers, and IT service companies.  In addition to his director's role with Velocity Brands he continues active engagements with a broad range of Internet/IT related business activies around the world with signifcant focus in China and India.  Allen holds a BS in Accounting from Northeastern University (1982). 


Lou  Ramirez - Director of Operations

Lou is a veteran QSR operations director with more than 30 years of experience with proven abilities to achieve operational standards and profit goals.  Lou has supervised operations, turnarounds and new store openings for company owned and large regional QSR franchiseed systems with 30+ locations and more than 1,000 employees.  Responsible for the daily operations of the Velocity Brands store teams, Lou works closely with Steve and Terry, the Dunkin Brands regional field operations leaders, and a wide variety of operations support systems and vendors.  His primary focus is to assure that every restaurant business unit is properly staffed and consistently operating to achieve and sustain Dunkin Brands' operating standards each and every day.  In so doing, Lou's leadership helps each store team achieve its budgeted profit plan to contribute to the continuing success and growth of Velocity Brands LLC.   

 

      Shannin Nichols - President, Delta Business Solutions

Shannin and her team of highly experienced accounting professionals provide outsourced financial management and information services including  accounts payable, payroll, internal business management accounting, banking and cash management, and monthly and year end financial reporting services for Velocity Brands LLC and numerous other restaurant and Dunkin Brands franchisees throughout the United States.