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The former McDonald’s and Subway executive will take the marketing reins at the pizza chain.
Adding the well-liked personality to the board and its marketing gives the chain positive buzz for the first time in a while, says RB’s The Bottom Line.
The former NBA star is also investing in nine locations and will be an ambassador for the brand.
The chains show the restaurant industry’s uncertain answer to third-party aggregators, says RB’s The Bottom Line.
The partnership will expand the chain's delivery radius in rural and some suburban areas.
The departure of John Schnatter from its board removes a distraction, but it could put more pressure on management to turn things around, says RB’s The Bottom Line.
The company and its estranged founder have reached an agreement that paves the way for his replacement as a director.
The chain closed 104 domestic locations in 2018 after same-store sales fell amid the dispute with John Schnatter.
An analyst suggests operators are struggling, which is a problem given heavy pizza price competition, says RB’s The Bottom Line.
While the chain’s founder expressed support for investor Starboard Value, he also accused the board of protecting its own interest.
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