logo
Plus   Neg
Share
Email

Papa John's Appoints Rob Lynch As New President And CEO; Backs FY19 Outlook

Papa John's International, Inc. (PZZA) announced Tuesday the appointment of Rob Lynch as the new president and chief executive officer, effective immediately. He succeeds Steve Ritchie, who was the CEO since December 2017 and president since July 2015.

Most recently, Lynch served as president of Arby's, the second-largest sandwich restaurant brand in the world, since 2017. Lynch joined Arby's as Chief Marketing Officer in 2013. Lynch has also held leadership positions at Taco Bell, HJ Heinz Company, and Procter & Gamble and has 20 years combined experience in QSR and consumer packaged goods.

Jeff Smith, Chairman of the Papa John's Board of Directors, said, "His proven record transforming organizations and realizing the growth potential of differentiated brands is ideally suited for Papa John's as the company sets forth on its next chapter."

Ritchie has worked at Papa John's for over 23 years, holding multiple positions in the company's leadership throughout that time after starting to work for the company as an hourly worker.

Further, the company reaffirmed its most recent outlook for fiscal 2019 adjusted earnings in the range of $1.00 to $1.20 per share as well as North America comparable sales decline of 1 to 4 percent and international comparable sales between flat and up 3 percent.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of Tesla Motors Inc. (TSLA) surged 12% in extended trading session on Wednesday after the luxury electric car maker reported a surprise third-quarter profit, which trumped Wall Street estimates. Looking forward, the company said it is "highly confident" to exceed 360,000 deliveries this year. Palo... Spotify is offering free Google Home Mini speakers to all new and existing Spotify Premium users in the U.S. The music streaming service said Tuesday that the Google Home Mini offer is for all eligible Premium Individual and Premium Family master account users in the U.S. The offer is available through November 15, or until supplies last. Federal Cartridge recalled about 3,100 units of Blackhawk T-Series L2C gun holsters due to injury hazard, a statement published by the U.S. Consumer Product Safety Commission said. The safety switch on the firearm can change its position without the knowledge of the user due to the holster design, causing the gun to fire if the trigger is pulled and pose injury hazard to the user and bystander.
RELATED NEWS
Follow RTT
>