Papa John's CEO Rob Lynch resigns, joins Shake Shack; CFO Ravi Thanawala becomes interim CEO.
Papa John's International, Inc. (PZZA) stock dropped 3.5% amid CEO Rob Lynch's resignation to join Shake Shack as CEO. Papa John's appointed CFO Ravi Thanawala as interim CEO. Despite the leadership change, the company reaffirmed its FY24 adjusted operating income and development outlook, with projected profit of $153-$163 million and 20% net unit growth in North America.
March 21, 2024
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