Jack in the Box Inc. Announces Upcoming CFO Retirement
April 10 2017 - 6:01AM
Business Wire
Jack in the Box Inc. (NASDAQ: JACK) today announced that Jerry
Rebel plans to retire as the company’s Chief Financial Officer in
2018. The company will begin an external search for a new CFO, and
Rebel will continue to serve as CFO until after the appointment of
a successor. Rebel has agreed to provide any needed assistance to
ensure a smooth transition once a successor has been hired.
“Jerry has been a key driver in the transformation of our
business model since joining the company in 2003,” said Lenny
Comma, Chairman and Chief Executive Officer. “The company, its
shareholders and other stakeholders are better off as a result of
his vision and leadership. We are extremely grateful for his many
contributions to the organization, which have positioned us well
for continued success.”
Under Rebel’s leadership as CFO beginning in January 2005, the
company has dramatically increased the percentage of franchise
ownership of the Jack in the Box® brand, and expanded its Qdoba
Mexican Eats® concept. During his tenure as CFO:
- Franchise ownership of the Jack in the
Box brand has increased from approximately 25 percent in 2005 to
over 80 percent today.
- The company has returned nearly $2.3
billion of cash to shareholders through stock repurchases and
dividends.
- Jack in the Box Inc. common stock has
appreciated by more than 450 percent, as of market close on April
7, 2017.
“I’m proud to have been a part of an incredible group that has
accomplished so much over the last 13 years and am grateful for the
tremendous support and commitment of our employees, board of
directors, franchisees and shareholders,” Rebel said. “I am
confident in the company’s leadership team and its ability to drive
continued success in the future.”
About Jack in the Box Inc.
Jack in the Box Inc. (NASDAQ: JACK), based in San Diego, is a
restaurant company that operates and franchises Jack in the Box®
restaurants, one of the nation’s largest hamburger chains, with
more than 2,200 restaurants in 21 states and Guam. Additionally,
through a wholly owned subsidiary, the company operates and
franchises Qdoba Mexican Eats®, a leader in fast-casual dining,
with more than 700 restaurants in 47 states, the District of
Columbia and Canada. For more information on Jack in the Box and
Qdoba, including franchising opportunities, visit
www.jackinthebox.com or www.qdoba.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170410005229/en/
Jack in the Box Inc.Investor Contact:Carol DiRaimo,
858-571-2407orMedia Contact:Brian Luscomb, 858-571-2291
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