Corporate Governance

Matthew E. Rubel has served as a director since June of 2017. Additionally, Mr. Rubel serves as Executive Chair of KidKraft, Inc. and Chair of Holley, Inc. and Mid Ocean Partners Private Equity Consumer Group. Previously, he served as director for Hudson’s Bay Co., HSNi, the holding company of HSN, Cornerstone Brands and Treehouse Foods, Inc., as well as in advisory, director, and executive roles for Varsity Brands, Roark Capital Group, TPG Capital, L.P., TPG Growth, Collective Brands, Inc., Cole Haan, J. Crew Group, Popular Club Plan and numerous other multi-national retail companies and consumer brands.

In 2010, Mr. Rubel became a Presidential Appointee to the House Advisory Council on Trade Policy Negotiation.

Mr. Rubel earned a BS from Ohio University and an MBA from University of Miami.

Ronald V. DaVella has served as a director since the initial public offering in 2014. Mr. DaVella also serves as financial advisor or director for Manufacturing Succession Holding, Universal Health, Multiomics, Universal Health Group, Delta Dental of Arizona, NorthStar Security and as Vice Chair of the Strategic Advisory Board of Aura Ventures. Previously, he served as an executive or director of Deloitte & Touche, Mobile Holdings Properties, Alkaline Water Co., NanoFlex Power Corp., and Amazing Lash Studio where he was also a franchisee.

Mr. DaVella earned a BS in accounting from Queens College and an MBA in finance from Pace University. He is a certified public accountant (CPA) in the state of Arizona.

Jeff Gramm joined the board of directors in January 2024. Mr. Gramm is a portfolio manager of Bandera Partners, a value-oriented investment partnership that he co-founded in 2006. He has served on several public company boards of directors, including Tandy Leather Factory, Rubicon Technology, Innovative Food Holdings, Ambassadors Group, Morgan’s Foods, and Peerless Systems.

Mr. Gramm earned his MBA at Columbia Business School and his BA at University of Chicago.

Christopher M. Grandpre has over 30 years of experience leading multi-branded franchise companies and in M&A investment banking. As an Operating Partner with MidOcean Partners, he assists in executing an investment thesis targeting franchised consumer businesses. As chairman of Empower Brands, a franchisor of ten residential and commercial service franchise systems since 2022, Mr. Grandpre assists the senior leadership team with strategy and evaluation of additional franchise businesses to acquire or incubate. Mr. Grandpre served in executive roles at National Restorations, Matrix Capital Markets Group and BB&T Capital Markets. He started his career in management consulting with what is now Accenture and provided M&A advisory services to privately held businesses.

Mr. Grandpre holds a BS from University of Norte Dame and an MBA from Virginia Commonwealth University.

Sandi Karrmann joined the board in 2025, with over two decades of experiences in human resources. Most recently, as Senior Vice President, Chief Human Resources Officer for Kimberly-Clark, she has had global responsibility for the K-C human resources function including talent recruiting, development/succession, performance management, employee engagement, labor relations, HR operations, compensation, payroll and employee benefits. Prior to this role, Mrs. Karrmann served in senior leadership roles at various companies, including EVP, CHRO for Tenet Healthcare and United Surgical Partners International, CPO for Yum! Restaurants International, Pizza Hut US and EVP, CHRO for Meritage Homes Corporation. Prior to that, she served in a number of positions with increasing responsibility over nearly 13 years with PepsiCo, including her last role as Vice President, Human Resources for the sales division of Frito-Lay North America.

Mrs. Karrmann earned a BA degree from the University of Michigan and an MBA from the University of Southern California.

Miland Pant has served as a director since May 20, 2026. Mr. Pant is the Founder and Chief Executive Officer of Karyon Leadership Advisory, where he advises senior executives and boards on leadership, transformation, and growth strategy. He also serves on the Board of The Western Union Company and is an Executive Fellow at the Kellogg School of Management and the Wall Street Journal Leadership Institute. Previously, Mr. Pant was CEO of Amway Corporation and held senior executive roles at Yum! Brands, and Unilever PLC, bringing extensive global leadership experience, deep franchising and brand-building expertise, and a strong track record in digital transformation and business turnarounds across international markets.

Mr. Pant holds a Master of Business Administration in International Business from the Indian Institute of Foreign Trade and a Master of Management Studies from the Birla Institute of Technology and Science.

Sanjiv Razdan joined The Joint in 2024 with over 35 years in franchising and hospitality. Mr. Razdan has extensive experience growing and leading successful multi-unit companies and franchise businesses. Most recently, he was President of Americas and India for The Coffee Bean & Tea Leaf, a global specialty coffee and tea house company operating in 30 countries across 1,200 cafes. Formerly, Mr. Razdan held senior operations leadership roles with respected brands and franchisors Yum! Brands (Pizza Hut and KFC), Dine Brands (Applebee’s) and Sweetgreen.

In each of his prior posts, Mr. Razdan demonstrated his ability to combine strategic acumen, branding expertise and a keen ability to effectively understand and support the needs of franchisees, with his passion for energizing teams and building strong cultures. As President at The Coffee Bean & Tea Leaf, Mr. Razdan restructured the company for growth, leading all cafe operations, CPG and e-commerce. He delivered the company’s strongest EBITDA results in over a decade by developing strong franchise relationships, repairing unit level margins and transforming the company’s culture. As COO at Sweetgreen, Mr. Razdan helped lead rapid growth, while fine-tuning at the unit level to ensure efficiency and profitability. His primary responsibilities centered on store operations and innovation, automation, and food safety, with oversight of IT, People and Facilities. At Applebee’s, as SVP and COO, he led the turnaround of the portfolio which was 1800+ restaurants across 35 franchisees in 50 states. And, with YUM! Brands, he held several business and functional leader roles across three continents.

Mr. Razdan earned his Bachelor of Science degree in Physics and Computer Science from St. Xavier’s College in Mumbai, India. He also completed a post-graduate program in Hotel Administration with ITC Hotels and holds a certificate from Cornell University in QSR Management.