Jack in the Box’s CEO, Lenny Comma, will be stepping down. Now, the company has announced it has retained Spencer Stuart, an executive recruitment firm, to help find his replacement.
“I’m proud of what the company has been able to accomplish during my tenure as chairman and CEO,” said Comma via a statement. “Since 2014, we’ve sold Qdoba, finished our evolution to an asset-light brand by completing our refranchising efforts, gone through a rigorous strategic alternatives process, completed a very complex $1.3 billion securitization transaction, dramatically strengthened our operations leadership bench and recently concluded our ninth straight year of system same-store sales growth.”
Comma said he would work with the board to identify his successor and to work closely with him/her to “assure a smooth and successful leadership transition for the company and its stakeholders, including our incredible guests, employees, franchisees, suppliers and, of course, shareholders.”
Jack in the Box is based in San Diego and has more than 2,200 restaurants in 21 states and Guam.
Travel & Hospitality reporter Mariel Concepcion can be reached at email@example.com or 858-634-4625.