Due to Shaquille O’Neal’s Business Commitments, Papa Johns Announces He Will Not Seek 2024 Board Re-Election
February 28 2024 - 8:05AM
Business Wire
O’Neal will Maintain his Broader Relationship
with the Company as a Restaurant Owner and Brand Ambassador
On February 22, 2024, Shaquille O’Neal informed the Board of
Directors (the “Board”) of Papa John’s International, Inc. (NASDAQ:
PZZA) (“Papa Johns” or “Company”) of his decision not to stand for
re-election as a director at the Company’s 2024 annual meeting of
stockholders. His current term expires at the annual meeting on May
2, 2024.
“Shaquille joined the Board five years ago during a challenging
time for the Company, providing an important vote of confidence in
its future potential, management team and board of directors,” said
Christopher Coleman, Chairman of the Papa Johns Board of Directors.
“We appreciate his many contributions during his tenure.”
Rob Lynch, President and CEO of Papa Johns added, “I would like
to thank Shaquille for his service to the Board. When I met with
Shaquille during my interview process for the Papa Johns CEO
position, his passion for creating positive change in the company
was a big selling point for me. I’m grateful for the positive
impact he’s had on our culture and the unique perspectives he’s
provided on creating deep connections with consumers. Today, Papa
Johns is in a much different place thanks, in part, to Shaquille’s
involvement with the brand. We are supportive of his professional
growth through his other business ventures and look forward to
continuing to work with him through our marketing partnership and
as a franchisee.”
Although Mr. O’Neal is increasing the time he’s investing in new
business ventures, he will continue to serve as an important
partner to Papa Johns as a brand ambassador and through his
investment in nine Papa Johns restaurants in the Atlanta, Georgia
area.
“While my other business commitments make it challenging to
extend my board service for another term, I am looking forward to
continuing my partnership with Papa Johns, a brand I’ve loved since
my days playing basketball at LSU,” said Mr. O’Neal. “I am grateful
for the valuable experience I gained on the Papa Johns Board and am
proud to have played a role in making the company culture into what
it is today, including being recognized as a best employer for
diversity three years in a row. The company has experienced
significant growth over the past five years and has a great future
ahead.”
Over the last seven months, Papa Johns has announced the
appointment of three new members to its Board of Directors. The
Company regularly reviews its board membership as a part of a
proactive planning process and evaluates the need for new board
members based on valuable skills, expertise and in support of its
focus on board diversity. The Company has not made any
determinations regarding additional appointments at this time.
About Papa Johns Papa John’s International, Inc. (NASDAQ:
PZZA) opened its doors in 1984 with one goal in mind: BETTER
INGREDIENTS. BETTER PIZZA.® Papa Johns believes that using
high-quality ingredients leads to superior quality pizzas. Its
original dough is made of only six ingredients and is fresh, never
frozen. Papa Johns tops its pizzas with real cheese made from
mozzarella, pizza sauce made with vine-ripened tomatoes that go
from vine to can in the same day and meat free of fillers. It was
the first national pizza delivery chain to announce the removal of
artificial flavors and synthetic colors from its entire food menu.
Papa Johns is co-headquartered in Atlanta, Ga. and Louisville, Ky.
and is the world’s third-largest pizza delivery company with more
than 5,900 restaurants in 50 countries and territories. For more
information about the company or to order pizza online, visit
www.PapaJohns.com or download the Papa Johns mobile app for iOS or
Android.
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Media Contact Harrison Sheffield Sr. Communications
Manager harrison_sheffield@papajohns.com 470-751-4483
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