Franchise news

18.05.2010

Dick Rennick serves as Interim CEO for Assisting Hands® Home Care

TEAM Rennick, franchise advocates, mentors and consultants, and Assisting Hands® in-home care franchise, have announced that Lane R. Kofoed has been named president of Assisting Hands. He will also continue to serve as the company’s chief operating officer. This move is, the companies explain, a result of the time Dick Rennick, CEO and founder of TEAM Rennick, has spent as the Assisting Hands interim CEO.

“I took on the interim CEO job for Assisting Hands Home Care almost two years ago, and worked diligently with Lane and his partner Cline Waddell, to move the company to the next level and prepare them for successful expansion and growth,” Rennick said. “Lane has been a great student and loves the changes we have made in his company and will make a very able and capable president.”

“We will continue our relationship with Dick as an advisor,” Kofoed said. “Dick has great knowledge, and always has good suggestions for making improvements, and sticks by his plan. He also has great personal attributes – honesty, hard work and dedication – and it’s just those kinds of things that make him a valuable friend and co-worker.”

TEAM Rennick’s interim CEO program is one example of the comprehensive services and support the company offers to assist franchise systems that have moved beyond the start-up phase, but are in need of networking, mentoring and counseling to reach the next level of success.

Cline and Lane said their advice to other franchisors in need of assistance is to find an advisor who has experience in both franchising and the corporate business world. Both agree that, “Just because you’re a successful business professional does not mean you’re a good franchisor. A specific industry can be learned, but it is the franchise experience and contacts that are so important in helping you establish and conduct business. The operations people have to have industry experience. The CEO needs a different set of attributes.” (kbp)

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