Jack in the Box has appointed interim CEO Lance Tucker as its permanent chief executive, succeeding Darin Harris who resigned for other opportunities. Tucker, who has a diverse background in the restaurant industry including previous CFO roles at Jack in the Box, is expected to drive the company's strategic shift towards franchising. With a focus on an asset-light model, he plans to build company-run locations selectively and invest in new markets with franchisees, aiming to enhance shareholder returns and strengthen the brand's market position.
Lance brings decades of experience within the restaurant industry as well as a financial mind into the CEO role that is well-timed to match with the company's current priorities.
I do think there is a place for company store builds. And there are some places where we're going to be investing alongside franchisees, particularly in new markets.
Given Tucker's extensive experience with restaurant chains, he has the wherewithal to be a capable, smart chief executive, says San Diego restaurant analyst John Gordon.
We are confident that Lance will position our company to perform at high levels, and drive returns that shareholders expect from our iconic brands and profitable business model.
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