Allied Universal hires new CFO

SANTA ANA, Calif.—Allied Universal, a security and facility services company based here, has named Andrew Vollero its new chief financial officer. Vollero will replace Bill Torzolini, who will retire in 2019, after serving 17 years in the role.

“Drew is an accomplished financial professional, evidenced by his expertise, background and achievements over his spectacular career,” Allied Universal CEO Steve Jones said in the announcement. “I am confident that he is the right leader to propel our company forward over the next several years. We have accomplished so much in a short period of time under Bill's guidance, and we thank him for his many contributions to our success. Our future outlook is incredibly bright with Drew onboard to continue to lead the charge.”

During his career that spans three decades, Vollero has led finance, strategic planning, development, investor relations and business operations for large consumer packaged goods, digital, and entertainment companies. Most notably, he spent 15 years at Mattel, where he was a division CFO and later senior vice president of corporate development, strategy, and investor relations. While there, he partnered well with business leaders by taking a balanced approach to revenue growth and cost reduction to drive shareholder value.

Following his tenure at Mattel, Vollero became the first CFO of Snap (formerly Snapchat), a camera, social media and technology company. There, he built the finance function from scratch, and helped to lead Snap to a successful IPO in less than 18 months. In the early stages of his career, he held senior posts at PepsiCo and later Yum Brand's Taco Bell division, including controller.

“Allied Universal is the well positioned market leader, and their explosive growth has been remarkable,” Vollero said in a prepared statement. “This role presents a terrific opportunity for me to join a talented team, profitably scale the global business, and continue Allied Universal's trajectory into a world-class company.”

Vollero earned a Bachelor of Arts in Math and Economics, with high honors, from Yale University and holds a Master of Science in Management from Oxford University. He resides in Laguna Niguel, Calif.