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Jackson Hewitt Creates VP Post

Thursday, Aug 26 2010
Tax
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Philip SanfordPARSIPPANY, N.J. - Jackson Hewitt Tax Services, which had a tough tax season this year, has named franchising veteran Philip H. Sanford as the EVP of strategy and performance measurement. He was given a one-year term with no automatic extensions of his position. Sanford, who is principal of a private equity firm, spent less than a year in his prior executive job.

Sanford's firm is Port Royal Holdings and he has served as its principal from August 2003 to the present. From January to December 2009, he was president and COO of Value Place, an extended stay hotel chain, and in that job, his plan was to use his experience in franchising to produce national growth. With Jackson Hewitt, his base salary is $430,000 with a target bonus of no less than 80 percent of the base. and he receives a signing bonsus of $223,600.

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