Jack in the Box Inc. Announces Departure of Darin Harris
Jack in the Box (NASDAQ: JACK) announced the resignation of CEO Darin Harris, who has accepted a position outside the restaurant industry. The Board appointed Executive VP and CFO Lance Tucker as interim principal executive officer, effective February 24, 2025. Harris will remain as consultant through March 14, 2025, to ensure a smooth transition.
Tucker, who rejoined JACK as CFO in January 2025, previously served in the same role from March 2018 to September 2020. He brings over 20 years of corporate finance experience, including positions at CKE Restaurants Holdings and Papa John's International. During the interim period, Dawn Hooper, Senior VP & Controller with 24 years at JACK, will serve as interim principal financial officer.
Jack in the Box (NASDAQ: JACK) ha annunciato le dimissioni del CEO Darin Harris, che ha accettato un incarico al di fuori del settore della ristorazione. Il Consiglio ha nominato Lance Tucker, VP Esecutivo e CFO, come amministratore delegato ad interim, con effetto dal 24 febbraio 2025. Harris rimarrà come consulente fino al 14 marzo 2025, per garantire una transizione fluida.
Tucker, che è tornato a JACK come CFO nel gennaio 2025, aveva precedentemente ricoperto lo stesso ruolo da marzo 2018 a settembre 2020. Porta con sé oltre 20 anni di esperienza nella finanza aziendale, comprese posizioni presso CKE Restaurants Holdings e Papa John's International. Durante il periodo di transizione, Dawn Hooper, VP Senior e Controller con 24 anni di esperienza in JACK, fungerà da principale responsabile finanziario ad interim.
Jack in the Box (NASDAQ: JACK) anunció la renuncia del CEO Darin Harris, quien ha aceptado un puesto fuera de la industria de restaurantes. La Junta nombró a Lance Tucker, VP Ejecutivo y CFO, como director ejecutivo interino, con efecto a partir del 24 de febrero de 2025. Harris permanecerá como consultor hasta el 14 de marzo de 2025, para garantizar una transición fluida.
Tucker, que se reincorporó a JACK como CFO en enero de 2025, anteriormente ocupó el mismo cargo desde marzo de 2018 hasta septiembre de 2020. Aporta más de 20 años de experiencia en finanzas corporativas, incluyendo puestos en CKE Restaurants Holdings y Papa John's International. Durante el período interino, Dawn Hooper, VP Senior y Controladora con 24 años en JACK, servirá como directora financiera interina.
Jack in the Box (NASDAQ: JACK)는 CEO Darin Harris가 외식 산업 외부의 직책을 수락하면서 사임했다고 발표했습니다. 이사회는 Lance Tucker를 임시 CEO로 임명했으며, 이는 2025년 2월 24일부터 효력을 발휘합니다. Harris는 원활한 전환을 보장하기 위해 2025년 3월 14일까지 컨설턴트로 남아 있을 것입니다.
Tucker는 2025년 1월에 JACK의 CFO로 재합류했으며, 2018년 3월부터 2020년 9월까지 같은 역할을 수행했습니다. 그는 CKE Restaurants Holdings와 Papa John's International에서의 경력을 포함하여 20년 이상의 기업 재무 경험을 가지고 있습니다. 임시 기간 동안 Dawn Hooper, JACK에서 24년 경력을 가진 수석 VP 및 Controller가 임시 재무 책임자로 활동할 것입니다.
Jack in the Box (NASDAQ: JACK) a annoncé la démission de son PDG Darin Harris, qui a accepté un poste en dehors de l'industrie de la restauration. Le Conseil a nommé Lance Tucker, VP Exécutif et CFO, comme directeur exécutif par intérim, à compter du 24 février 2025. Harris restera consultant jusqu'au 14 mars 2025, pour garantir une transition en douceur.
Tucker, qui a rejoint à nouveau JACK en tant que CFO en janvier 2025, avait précédemment occupé le même poste de mars 2018 à septembre 2020. Il apporte plus de 20 ans d'expérience en finance d'entreprise, y compris des postes chez CKE Restaurants Holdings et Papa John's International. Pendant la période intérimaire, Dawn Hooper, VP Senior et Contrôleur avec 24 ans d'expérience chez JACK, servira en tant que directrice financière principale par intérim.
Jack in the Box (NASDAQ: JACK) gab die Rücktritt von CEO Darin Harris bekannt, der eine Position außerhalb der Restaurantbranche angenommen hat. Der Vorstand ernannte Lance Tucker, Executive VP und CFO, zum interimistischen Hauptgeschäftsführer, wirksam ab dem 24. Februar 2025. Harris wird bis zum 14. März 2025 als Berater bleiben, um einen reibungslosen Übergang zu gewährleisten.
Tucker, der im Januar 2025 als CFO zu JACK zurückgekehrt ist, hatte zuvor von März 2018 bis September 2020 die gleiche Rolle inne. Er bringt über 20 Jahre Erfahrung in der Unternehmensfinanzierung mit, einschließlich Positionen bei CKE Restaurants Holdings und Papa John's International. Während der Übergangszeit wird Dawn Hooper, Senior VP und Controller mit 24 Jahren bei JACK, als interimistische Hauptfinanzbeauftragte fungieren.
- Smooth leadership transition with Harris staying as consultant
- Experienced interim CEO appointment with Tucker's 20+ years in restaurant industry finance
- Internal promotion maintains operational continuity
- Unexpected CEO departure could create strategic uncertainty
- Third CFO transition for Hooper in recent years indicates potential instability in financial leadership
Insights
The unexpected departure of CEO Darin Harris after five years at the helm creates significant uncertainty for Jack in the Box, particularly given the challenging dynamics in the QSR sector. The timing of this transition is noteworthy, as it comes amid industry-wide pressures from inflation, labor costs, and evolving consumer preferences.
The appointment of Lance Tucker as interim CEO presents both opportunities and challenges. His previous tenure as Jack in the Box's CFO (2018-2020) and recent return to the company provide valuable institutional knowledge and financial acumen. Tucker's experience at CKE Restaurants (Carl's Jr. and Hardee's) and Papa John's offers strategic insights from direct competitors, potentially beneficial for operational optimization and market positioning.
Several key factors warrant investor attention:
- Tucker's dual CFO-CEO role, even temporarily, could impact the execution of strategic initiatives and financial oversight
- The transition occurs as the QSR sector faces margin pressures and digital transformation demands
- Dawn Hooper's appointment as interim CFO leverages her extensive company experience, having previously served in this capacity multiple times
- The board's emphasis on balancing growth with financial goals suggests a possible shift in strategic priorities
The stability of the transition is reinforced by Harris's two-week consulting period and the appointment of seasoned internal leaders. However, investors should monitor several key metrics in the coming quarters, including same-store sales growth, franchise development progress, and any potential shifts in capital allocation strategy under the new leadership.
Board of Directors Announces Lance Tucker as Company’s Interim Principal Executive Officer
Tucker has served as the company’s chief financial officer since January 13, 2025. He previously served in this same role at Jack in the Box Inc. from March 2018 to September 2020. A restaurant industry veteran with more than 20 years of corporate finance experience, Tucker was the chief financial officer of CKE Restaurants Holdings, Inc., the parent company for the Carl’s Jr. and Hardee’s brands, from September 2020 until January 2022. Prior to joining Jack in the Box Inc. in March 2018 as chief financial officer, Tucker held several senior leadership positions during his combined fourteen-year tenure at Papa John’s International, Inc., including chief financial officer & treasurer, chief administrative officer, and senior vice president of strategy & chief of staff.
“On behalf of the Company, I want to thank Darin for his contributions as CEO for the past five years,” said David L. Goebel, Chairman of the Board. “With Lance’s multi-faceted, strategic expertise over the last 20 years at the executive level, we are excited to welcome him as the interim CEO. The Board is confident in Lance’s ability to build upon the existing foundation in a way that balances our growth and financial goals, while ensuring that the company remains competitive in the rapidly evolving quick-service restaurant landscape.”
While Tucker serves as interim principal executive officer, Senior Vice President & Controller Dawn Hooper will assume the role of interim principal financial officer. Hooper has been with Jack in the Box Inc. for 24 years and held various senior leadership positions within Finance during that time. She served as principal financial officer from August 2020 to January 2021, February 2023 to August 2023 and November 2024 to January 2025.
About Jack in the Box Inc.
Jack in the Box Inc. (NASDAQ: JACK), founded and headquartered in
View source version on businesswire.com: https://www.businesswire.com/news/home/20250224708829/en/
Chris Brandon
Vice President, Investor Relations
chris.brandon@jackinthebox.com
619.902.0269
Source: Jack in the Box Inc.
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