Rob Lynch, former President of Arby's, will take the helm at one of America's biggest pizza brands. Throughout Lynch's career, he has focused on branding, but still has the operational expertise needed to run a company, as he not only lead efforts at Arby's but got his MBA at University of Rochester.
Here's what Lynch has done:
- President of Arby's
- Brand President, Chief Marketing Officer at Arby's
- Vice President of Marketing at Taco Bell
- Associate Marketing Director at Kraft-Heinz (KHC) - Get Report
- Brand Manager, Procter and Gamble (PG) - Get Report
It doesn't exactly come as a surprise the board hired a branding expert to right the ship, as Founder John Schnatter had stepped down as CEO in 2018 after criticizing the NFL's handling of players kneeling during the U.S. national anthem to protest racial inequality in America. Later that year, he quit as board chairman after word emerged that he had used a racial slur in a company meeting.
Investors seemed to welcome the move, as Papa John's shares were rising 6.85% to $47.80.
Premium Pick: Volatility Stalls as Traders Ponder What Happens Next
TheStreet Explains:The Benefits of Using a Credit Card
Jim Cramer and TheStreet Launch Bull Market Fantasy Channel on Maven
Catch Up: Today's Top News Videos Below