SAN DIEGO — Lance F. Tucker has been named chief financial officer of Jack in the Box Inc., effective March 26. He currently is senior vice-president, c.f.o. and chief administrative officer at Papa John’s International, Inc.
Mr. Tucker will succeed Jerry P. Rebel, who has been executive vice-president and c.f.o. of Jack in the Box Inc. since 2005.
|Lenny Comma, chairman and c.e.o. of Jack in the Box|
“Lance brings a wealth of restaurant industry experience to our organization,” said Lenny Comma, chairman and chief executive officer of Jack in the Box Inc. “He has a proven history of driving results in several key, strategic business functions, including finance, accounting and I.T. He has strong leadership qualities and will be a great fit with our executive team. We look forward to welcoming Lance and his family to the Jack in the Box family.”
Mr. Tucker has been c.f.o. of Papa John’s since 2011 and added the chief administrative officer title and responsibilities the following year. He began his career there as director of finance from 1994 to 1999. From 1999 to 2009, he held various leadership positions in finance at several companies, including a real estate company in Louisville, Ky., where he spent six years as c.f.o. In 2009, he rejoined Papa John's as chief of staff and vice-president of strategic planning. He is a licensed certified public accountant and has a bachelor's degree from Transylvania University in Lexington, Ky.
“Jack in the Box is an outstanding brand, and I'm grateful for the opportunity to work alongside such a strong management team to grow the brand in the years to come,” Mr. Tucker said.
|Jerry Rebel, executive vice-president and c.f.o. of Jack in the Box|
Mr. Rebel announced plans to retire from the company last April and will work with Mr. Tucker to ensure a smooth transition."We cannot thank Jerry enough for all of his contributions to the organization,” Mr. Comma said. “He’s been well-respected amongst the investment community, and under his stewardship as c.f.o. we’ve transformed our business model: Franchise ownership of the Jack in the Box brand has increased from approximately 25% in 2005 to nearly 88% today; the company has returned more than $2.5 billion of cash to shareholders through stock repurchases and dividends; and Jack in the Box Inc. common stock has appreciated by nearly 500%, as of market close on Jan. 12, 2018. We wish Jerry all the best in his well-deserved retirement.”