Papa John’s International, Inc. (NASDAQ: PZZA) (“Papa Johns®”) today announced Rob Lynch, President and Chief Executive Officer, will be departing Papa Johns to assume another CEO position. The Board has appointed Ravi Thanawala, Papa Johns current Chief Financial Officer, as Interim CEO effective today. To ensure a smooth transition, Mr. Lynch will provide continued support in an advisory role until April 30, 2024. The Board is conducting a comprehensive search process to identify a successor for the CEO role.
“Since joining Papa Johns nearly five years ago, Mr. Lynch has guided the Company through a business and culture transformation. I am joined by the Board, our team members and our franchisees in sharing our deepest thanks for his service and contributions in rebuilding the strength of the brand as CEO. We wish Rob all the best,” said Chairman of the Board, Christopher Coleman. “I am confident that we have a strong leadership team in place – led by Ravi Thanawala as Interim CEO – to continue to execute our long-term strategy as the Board takes the necessary time to identify the next CEO for Papa Johns.”
“It’s been my honor and privilege to serve as Papa Johns CEO for the past five years. I could not be more proud of the work our Executive Leadership Team, team members and franchisees have done to grow and transform this brand,” said Rob Lynch. “This was an incredibly difficult decision for me, as I see all of the upside potential that exists for this great company. That being said, I feel good about this decision knowing that Papa Johns is very well positioned for both the short and long term. I am certain that Papa Johns’ incredible leaders, franchisees and team members will continue to do what only Papa Johns can: deliver better pizza to the world.”
“I’m honored to step in as Interim CEO during this transition period and thank the Papa Johns Board of Directors for its confidence in me,” said Mr. Thanawala. “We…
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