By Kristin Jones
Jack in the Box Inc. (JACK) said that Gary J. Beisler, the
president and chief executive of its Qdoba Mexican Grill, plans to
retire.
Mr. Beisler, who became Qdoba's CEO in 2000, will remain in the
role while the company searches for a successor.
"We commend Gary for his vision in helping define the unique
attributes that distinguish Qdoba from its competitors and for
leveraging those qualities in expanding the brand," said Jack in
the Box Chief Executive Linda A. Lang. "We wish him all the best as
he prepares for the next chapter in his life and look forward to
his continued leadership as we search for an experienced senior
executive to help execute Qdoba's growth strategy."
Qdoba, which sells Mexican fast food like burritos and
quesadillas, was founded in 1995 and acquired by Jack in the Box in
2003. Since its acquisition, it has grown from 85 locations to more
than 600 restaurants.
The company also said that Jeffrey C. Wood is joining Qdoba as
its chief development officer.
Shares closed Tuesday at $27.04 and were mostly unchanged after
hours. The stock is up 29% so far this year.
Write to Kristin Jones at kristin.jones@dowjones.com
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