Edit

Pizza

Leadership

Papa John’s names Rob Lynch CEO

The former Arby’s executive will take over for Steve Ritchie as the company opts to overhaul its executive post.

Leadership

John Schnatter endorses the new Papa John’s CEO

The company’s founder, who has exited all of his roles and is selling stock, again said that the chain needed to replace its leadership.

The chain’s founder and former CEO sold 250,000 more shares last week as he continues unwinding his holdings.

The chain, which has been testing larger pies, will soon compete more directly with legacy pizza concepts, and its co-founder is “thrilled,” says RB’s The Bottom Line.

The brand will quickly replace the restaurants with takeout and delivery locations as it accelerates its shift away from dine-in.

The concept in Los Angeles features specially lined cubbies with digital displays for pickup orders.

Facing mounting competition from third-party providers, the company is bolstering technology and service to solidify its position.

The company’s stock plunged early Tuesday amid concerns it’s losing business to third-party delivery.

Bob Bafundo, the company’s president, was named “principal executive officer” of Rave Restaurant Group.

The company will provide royalty relief to operators and add to the chain’s ad fund in a bid to improve the brand’s recovery.

  • Page 2