Driven Brands Appoints Mo Khalid as Chief Operating Officer, Aims to Enhance Operational Efficiency.

Driven Brands has appointed Mo Khalid as Chief Operating Officer. Khalid previously transformed Take 5 into a business with over 1,200 locations and system-wide sales of $1.5 billion. He will focus on enhancing data-driven operations and expanding margins. Tim Austin, formerly Chief Operating Officer of Take 5, will replace Khalid as President of Take 5.

Driven Brands Holdings Inc. (NASDAQ: DRVN) has announced the appointment of Mo Khalid as Executive Vice President and Chief Operating Officer (COO). Khalid, currently serving as Executive Vice President and President of Take 5, will take on this new role effective immediately. Tim Austin, the current Chief Operating Officer of Take 5, will succeed Khalid as President of Take 5 [1].

Khalid brings a wealth of experience to Driven Brands. Before rejoining the company in 2023 as Group President of the Maintenance Segment, he served as Chief Operating Officer of Meineke from 2016 to 2017. From 2017 to 2023, he held senior operating roles at Great Wolf Resorts, ultimately serving as Senior Vice President of Field Operations. Earlier in his career, he held leadership positions at Starwood Hotels & Resorts, Burger King, Deutsche Bank, and J.P. Morgan Chase [1].

Under Khalid’s leadership, Take 5 grew to more than 1,200 locations as of June 28, 2025, with system-wide sales exceeding $1.5 billion on a trailing twelve-month basis. This expansion has contributed to Driven Brands’ overall revenue growth of 12.66% and total revenue of $2.4 billion in the last twelve months [2].

In his new role as COO, Khalid will focus on enhancing data-driven operations and expanding margins across all of Driven Brands’ brands. He will work closely with the company’s employees and franchisees to achieve these goals [1].

Tim Austin, who will take over as President of Take 5, joined Driven Brands in 2024 as President of Take 5 Car Wash. Following the sale of the U.S. Car Wash business in April 2025, he transitioned to Chief Operating Officer of Take 5. His previous experience includes roles as President and Chief Operating Officer of Lucid Hearing and leadership positions at Sears Holdings and Walmart [1, 2].

Driven Brands, headquartered in Charlotte, NC, operates approximately 4,800 locations across the United States and 13 other countries. The company’s network includes automotive service businesses such as Take 5 Oil Change, Meineke Car Care Centers, Maaco, and CARSTAR. The company’s stock has gained nearly 26% over the past year and is trading near its 52-week high [2].

Recent analyst ratings and price targets for Driven Brands include upgrades from JPMorgan (from Neutral to Overweight with a price target of $23.00) and Canaccord Genuity (Buy rating with a price target of $24.00). Goldman Sachs assumed coverage of Driven Brands with a Neutral rating and set a price target of $20.00 [2].

References:
[1] https://www.businesswire.com/news/home/20250825013149/en/Driven-Brands-Announces-Chief-Operating-Officer-Appointment
[2] https://www.investing.com/news/company-news/driven-brands-appoints-mo-khalid-as-chief-operating-officer-93CH-4208701