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David Burton

Managing Director
Health & Wellness Sector Leader

About

David joined Akoya in 2023 and has 30+ years working in operations, and 15+ years working in nutrition.

David most recently was the Chief Operating Officer at Nutrisystem. During his 13-year career at the Company, David held additional roles including Chief Enterprise Innovation Officer, EVP of Operations and GM of the Retail channel, which delivered $40M in Revenue and $9M in EBITDA.

While at Nutrisystem, David delivered multi-year product and process innovation resulting in the business doubling and EBITDA growing four-fold. He was responsible for renegotiating multiple Supply Chain 3PL and Logistic agreements yielding multi-millions of dollars in annual savings. He also reengineered the supply chain of Nutrisystem and launched a national Cold Chain Network to become a leading Direct-to-Consumer brand in the food industry and increase Revenue-per-Customer by 25-30%.

David was also responsible for overseeing a multi-brand, omni-channel strategy and introduced a Direct-to-Consumer food program for the iconic South Beach Diet Brand and launching several new brands including DNA Body Blueprint (DNA based Weight Management) and Wisely Well (Food specially formulated and designed for Seniors).

During David’s time at Nutrisystem he navigated the Company through two acquisitions, in 2018 by Tivity Health for $1.4B, and then subsequently to Kainos Capital in 2020.

Throughout his career David has built a reputation for finding innovative solutions to drive top-line growth through product innovation and improve margins by solving difficult operational problems while always focusing on the end customer which has led to outsized savings and banner revenues.

Sector-Related Experience

  • Nutrisystem, Chief Operating Officer

Portfolio Company Board Participation

N/A