David Burton Email and Phone Number
Throughout my career I have worked in organizations and with products that have a positive impact on people’s lives. It is important to me to be purpose-driven while driving results. Whether connecting the dots from product development, to production and supply chain—always focused on the end consumer—my motivation is on how I can help decrease overhead and raise revenue. I have found that product development, supply chain and operations are the elements that keep a business running and successful. I’ve been fortunate to serve on the Executive team at Nutrisystem, Inc. where we successfully turnaround the business through multiple phases. The business doubled and EBITDA grew four-fold that ultimately resulted in a spin-off to publicly held Tivity Health. More recently, we successfully sold the business again to a private equity firm Kainos Capital.Here are some examples of the impact I have made at Nutrisystem, Inc., including:1. Renegotiated multiple Supply Chain 3PL and Logistic agreements yielding multi-millions of dollars in annual savings. 2. Reengineered the supply chain and launched a national Cold Chain Network to be a leading Direct-to-Consumer brand in the food industry and drive Revenue-per-Customer by 25-30%.3. Introduced a Direct-to-Consumer food program for the iconic South Beach Diet Brand4. Launched several new brands including DNA Body Blueprint (DNA based Weight Management) and Wisely Well (Food specially formulated and designed for Seniors).I consider myself best at leading complex supply chains and product teams, pulling together thinkers and doers to address difficult business problems and sifting through all the data to clearly articulate a solution to overcome those problems. I am known as an experienced leader for creating an environment where individuals have confidence in themselves and in those around them to work together to achieve a common goal.My service promise is to be a Servant Leader, providing clear direction and vision to the organization so that each person can live out their strengths and find personal and professional fulfillment in their life. Please feel free to contact me at davidburtonjr@gmail.com
Akoya Capital, Llc
View- Website:
- akoyacapital.com
- Employees:
- 22
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Managing Director, Health And WellnessAkoya Capital, LlcPhiladelphia, Pa, Us
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Managing Director, Health & WellnessAkoya Capital, Llc Jan 2023 - PresentChicago, Il, Us
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Co-FounderCherri Cafe Jun 2021 - PresentCherri Cafe is on a mission to directly connect coffee lovers and coffee producers alike. Our speciality coffee is Grown with Gratitude, Roasted with Intention and Served with Grace. With access to multi-generational coffee farms in Guatemala, Panama, Costa Rica, and Honduras we provide exclusive, single origin coffee beans that are cared for from seed to cup. -
Chief Operating OfficerNutrisystem, Inc. Dec 2019 - Jun 2021Fort Washington, Pennsylvania, UsIn 2020 Nutrisystem was acquired from Tivity Health by Kainos Capital, a private equity firm. As the COO, I oversee all functions related to program and product development from commercialization to fulfillment to the end consumer through the Supply Chain. I also run point overseeing the transition and separation from Tivity Health to Kainos Capital to ensure a smooth integration.MY CHALLENGE: Tivity Health was looking to divest Nutrisystem, Inc., so my challenge was to help them locate a buyer for the company and then integrate Nutrisystem, Inc. with the new owner.MY ACTIONS: 1. Launched a new program called Personalization 2.0 for 2021 Diet Season and developed a pipeline of products for growth in 20212. Conducted RFI and RFQ for 3PL network and conducted full network analysis 3. Positioned the Supply Chain for growth by laying out a strategy to improve customer experience through product and process innovation.4. Maintained an inclusive and motivated corporate culture as we navigated during a turbulent time—growing and selling the business while simultaneously ensuring my team stayed focused on operating the business on a daily basis.MY RESULTS:1. Successfully sold the company for $575M.2. Kept team together during the acquisition post-transition.3. Positioned the business for double digit customer growth in 2021 -
Chief Enterprise Innovation OfficerTivity Health Dec 2018 - Dec 2019Franklin, Tn, UsBy way of background, Tivity Health Inc. is a $1.2B health and wellness company managing iconic brands such as Nutrisystem, South Beach Diet, and Silver Sneakers. I was hand-picked by the CEO to lead the innovation of a new nutrition program for the Healthcare Channel. I served on the Executive Operating Group and played a leading role in the integration of Nutrisystem and Tivity Health. I was an active member of the Executive Management Team for the Nutrition Business Unit, reporting directly to the president of the company. I owned the P&L for Wisely Well business, focusing on channel expansion in healthcare and the direct-to-consumer channel.MY CHALLENGE: Launch a new nutritional product line and brand, Wisely Well, designed specifically for seniors and their caregivers—for both the healthcare and direct-to-consumer channel.MY ACTIONS:1. Led the cross-functional team that launched the DTC eCommerce and B2B site for Wisely Well, which went live in September 2020.2. Oversaw the cross-functional team to identify Revenue Synergy opportunities in the Nutrition and Healthcare Business Units3. Implemented new S&OP (sales, and operations planning) process to drive greater integration among sales, marketing, and operations to optimize inventory management and enhance the customer experience.4. Conducted multiple RFPs with food co-manufacturers.5. Championed the expansion of Science Advisory Board to bring on new Board Members to reflect new the enterprise.MY RESULTS:1. Delivered over $3M in cost synergies for 2020.2. Wisely Well acquired five new health plans to the business that allowed us to sell the products to their members.3. Presented multiple Revenue Synergy strategies to the Board of Directors 4. For our direct-to-consumer division, I facilitated a partnership with Blue Cross Blue Shield and the Cancer Treatment Centers of America to offer a direct to consumer (DTC) Wisely Well product to their members. -
Evp Operations & RetailNutrisystem Jan 2017 - Dec 2018Fort Washington, Pennsylvania, UsAs a member of Executive Management Team, I reported directly to the CEO and was accountable for all functions related to the product development, supply chain, food development, quality, clinical research, and retail channels. Additionally, I served in a primary role in selling the company while managing 30 team members.MY CHALLENGE: Continue to build upon our successful turnaround of the business and continue to drive both top-line and bottom-line growth. MY ACTIONS:1. Expanded retail channel from brick-and-mortar to an omni-channel strategy with the integration of retail websites in partnership with Walmart and Amazon.2. Championed the first dropship vendor to support Walmart in delivering frozen food direct to consumer, reducing the total cost to the consumer and providing cost savings for Walmart.3. Focusing on total supply chain costs, I implemented network strategies to optimize food portfolio, inbound transportation, outbound transportation, and fulfillment.4. Directed cross-functional team to develop and launch 14 new products for the retail channel, while maintaining an innovation pipeline for line extensions and new product launches.5. Conducted several clinical trials that successfully provided claims substantiation for weight loss and other health outcomes, proving the catalyst for annual double-digit revenue growth.MY RESULTS:1. Developed over 75 new products for the South Beach Diet brand and launched the first DTC program for the brand.2. Posted a net improvement of $5M of revenue. 3. Improved gross margin in 2017 by 100 basis points.4. Sold Nutrisystem, Inc. to Tivity Health for $1.4B.5. Delivered multi-year product innovation at Nutrisystem, driving five consecutive years of double-digit revenue growth.
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Senior Vice President Of Operations & General Manager RetailNutrisystem Mar 2013 - Dec 2016Fort Washington, Pennsylvania, UsAs the Senior Vice President of Operations & General Manager Retail, I was tasked with overseeing all program and product development for the business, while conducting ongoing consumer and market research through online communities, qualitative and quantitative research, and syndicated data. Responsible for over $250M in spend. MY CHALLENGE: This was the turnaround period. My job was to reverse five years of declining revenue through channel expansion, product innovation, and cost savings.MY ACTIONS:1. Developed the product and marketing strategy for the retail channel.2. Conducted two proof-of-concept pilot programs: fresh meal delivery in California called Simply Fresh and a plant-based shake program called Shake360. 3. Reinstated the Science Advisory Board consisting of external academic and industry experts that provided oversight to the scientific efficacy of the program.4. Analyzed and evaluated product and program portfolio to improve the overall cost structure while expanding the customer experience.MY RESULTS:1. Contributed $9M in EBITDA for the business from the Retail Channel.2. Oversaw omni-channel retail business from negative profitability to $40M in Revenue.3. Expanded frozen business to drive customer growth and satisfaction
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Chief Supply Chain OfficerNutrisystem Mar 2010 - Feb 2013Fort Washington, Pennsylvania, UsI was one of the only executives invited to stay on with the new management team—based on my history of and reputation for providing a seamless integration along with my management acumen. I had complete oversight of fulfillment transportation, procurement, demand/supply-planning, and quality management systems. I managed a team of 24 and was responsible for $200M of supply chain spend cost. Finally, I guided the management team on the first-ever Culinary Council, whose purpose was to modernize the brand with new food innovation.MY CHALLENGE: Manage and persevere through the years of decline to explore fresh new ways of reinvigorating the brand and driving growth and ingenuity on all fronts.MY ACTIONS:1. Reengineered forecasting and demand/supply-planning processes and implemented SAP APO software for the retail channel.2. Implemented a cold chain network to migrate frozen product development and fulfillment in-house. 3. Opened four frozen warehouse locations to support warehousing and fulfillment and improve the final-mile delivery. 4. Supported the launch of the retail business through product development, and the implementation of the supply chain processes.MY RESULTS:1. Developed 18 Chef's Table products for the Direct Business.2. Project yielded a 15% improvement in frozen food costs.3. Reduced lead time to the customer by over 80%.4. Doubled inventory turns in three years.
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Vice President Supply ChainNutrisystem Jan 2008 - Mar 2010Fort Washington, Pennsylvania, UsAs the VP of Supply Chain, I developed a supply chain network strategy to optimize the cost structure and to ensure on-time delivery, high fill rate, and defect-free orders. I was responsible for a $100M supply chain spend and managed a team of 10. CHALLENGE: I was brought in to reengineer the supply chain network because it had become inefficient and it was producing quality defects and customer dissatisfaction. In a nutshell, I was brought on to fix everything that wasn’t working.ACTIONS:1. Completed full network analysis of current supply chain method.2. Consolidated facilities and reengineered the process and product flow.3. Conducted RFP to evaluate alternative 3PL providers and alternative tech solutions to improve the fulfillment process.4. Restructured the supply chain organization to eliminate silos and drive integration across all functions.5. Organized professional development and produced a new organizational chart to transition the current team into new roles to maximize efficiency.RESULTS:1. Posted over $10M in annual savings. 2. Championed efforts to drive perfect order index from 30% to 98% in three years. 3. Improved order accuracy and turnaround-time in the warehouse.
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Independent ConsultantCarrington Consulting Group 2007 - 2008
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Director Of Production Systems & Plant ManagerCardone Industries 1995 - 2007Philadelphia, Pa, UsPlant Manager – Electrical and Rotating Electrical Division (03/2003 – 12/2007) Director of Continuous Improvement (01/1999 – 02/2003)Manufacturing Systems Manager (5/1995 – 12/1998)I was a change agent who progressively took on more responsibility and oversight within the Manufacturing Division by consistently raising my hand to take on new challenges. I travelled globally during my time at Cardone and made positive contributions in our Belgium, Mexico, Chicago and Philadelphia operations as we implemented Lean Manufacturing principles. MY CHALLENGE: I was called upon many times to turn around product divisions of the company by focusing on lean manufacturing principles—driving gross margin improvement, reduction in lead-time and quality defects.MY ACTIONS:1. Implemented lean manufacturing production system.2. Conducted strategic sourcing of products overseas to reduce costs and improve quality. 3. Relocated facility to reduce overhead costs.4. Implemented a new product introduction process to improve the speed to market of new product launches.MY RESULTS:1. Consistently grew productivity by 20% and reduced operating expenses by 30%.2. Improved First Pass Yield from 94.5% to 96.7%3. Transitioned a product line from a negative cash flow in 8 months.
David Burton Education Details
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West Chester University Of PennsylvaniaMaster Of Business Administration - Mba -
Lehigh University College Of BusinessSupply Chain Management
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University Of Valley ForgePhilosophy And Religious Studies
Frequently Asked Questions about David Burton
What company does David Burton work for?
David Burton works for Akoya Capital, Llc
What is David Burton's role at the current company?
David Burton's current role is Managing Director, Health and Wellness.
What schools did David Burton attend?
David Burton attended West Chester University Of Pennsylvania, Lehigh University College Of Business, University Of Valley Forge.
Who are David Burton's colleagues?
David Burton's colleagues are Max Dezara, Mark Breckheimer, John Jaksich.
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