Gong Cha Appoints Matthew McCormick as Global CFO to Drive Expansion

Gong cha, the global bubble tea giant, has appointed Matthew McCormick, former CFO of KFC UK & Ireland, as its new Global Chief Financial Officer. McCormick, who played a crucial role in accelerating KFC’s growth in the UK, will now work alongside CEO Paul Reynish to drive Gong cha’s international expansion. The company aims to reach 10,000 stores worldwide by 2032, with McCormick’s expertise in franchising seen as key to reaching this ambitious goal.

Reynish emphasized the importance of McCormick’s experience in franchising, saying, “His franchising expertise will be key to taking Gong cha to the next level.”

Founded in Taiwan in 2006 and now headquartered in the United Kingdom, Gong cha has become one of the world’s fastest-growing tea brands. Known for its high-quality bubble tea made with premium ingredients, Gong cha operates more than 2,000 locations across 23 countries. With McCormick at the helm of the financial strategy, the company is set to continue its rapid global growth and bring the beloved bubble tea experience to even more locations around the world.

McCormick brings extensive experience to his new role, having previously held leadership positions at KFC UK & Ireland. He served as CFO from March 2022 to the present, and prior to that, he was the Chief Development Officer. McCormick’s career also includes a tenure at Boston Consulting Group (BCG), where he worked for over seven years in various roles, including Principal and Project Leader.

As Gong cha sets its sights on the future, the brand is eager to continue growing its presence and reaching new markets globally. If you’re passionate about bubble tea and want to be part of this exciting journey, Gong cha is looking for partners to help bring its unique offerings to more locations worldwide.

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