Papa John's Adds Two More Board Members
March 14 2019 - 6:40PM
Dow Jones News
By Micah Maidenberg
Papa John's International is expanding its board, the latest
changes to a panel now chaired by Jeffrey Smith, CEO of activist
investor Starboard Value.
The pizza chain says Howard Dubin, CEO of Unilever's Dollar
Shave Club, and Jocelyn Mangan, who has served in executive
positions at OpenTable and hiring firm Snagajob, joined the
board.
Last month, Papa John's announced Mr. Smith would take over as
board chair as Starboard made a $200 million investment in the
company.
In additional to Mr. Smith joining as chair, Anthony Sanfilippo,
the former CEO of gambling company Pinnacle Entertainment, also
became an independent director of the Papa John's board last month.
Steve Ritchie, CEO of the chain, joined the panel as well.
Papa John's has suffered from declining same-store sales,
something the company has attributed to controversies tied to its
founder, John Schnatter.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
March 14, 2019 18:25 ET (22:25 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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