Jack In The Box Appoints Papa John's' Lance Tucker As CFO, Effective March 26

(RTTNews) - Jack in the Box Inc. (JACK), a San Diego - based restaurant company, announced Tuesday that Lance Tucker will join the company as Executive Vice President and Chief Financial Officer, effective March 26.

Jerry Rebel, who has served as the company's Executive Vice President and Chief Financial Officer since 2005, announced in April 2017 his plans to retire from the company when a successor was hired. He'll work with Tucker to help assure a smooth transition.

Tucker is currently Senior Vice President, Chief Financial Officer and Chief Administrative Officer for Papa John's International, Inc. (PZZA)

In its statement, Papa John's, the world's third-largest pizza delivery company, announced that Tucker is departing the company effective March 2, and that the company will immediately commence a search, to include internal and external candidates, for a Chief Financial Officer.

Tucker was promoted to CFO and Treasurer at Papa John's in February 2011 and added the CAO title and responsibilities in July 2012. From June 2010 to February 2011 he was Papa John's Chief of Staff and Senior Vice President, Strategic Planning, and he served as its Chief of Staff and Vice President, Strategic Planning from June 2009 to June 2010.

Prior to joining Papa John's in 2009, Tucker served six years as Chief Financial Officer of Evergreen Real Estate in Louisville.

Commenting about the retiring CFO, Lenny Comma, Jack in the Box Chairman and Chief Executive Officer, said, "We cannot thank Jerry enough for all of his contributions to the organization.... under his stewardship as CFO we've transformed our business model: Franchise ownership of the Jack in the Box brand has increased from approximately 25 percent in 2005 to nearly 88 percent today; the company has returned more than $2.5 billion of cash to shareholders through stock repurchases and dividends; and Jack in the Box Inc. common stock has appreciated by nearly 500 percent, as of market close on January 12, 2018."

Jack in the Box shares lost 1.7 percent on Tuesday's regular trading to $91.26. In the after hours trading, shares gained 0.81 percent to $92.