papa john's ceo rob lynch

Joining me on the call today are President and CEO, Rob Lynch and our CFO, Ann Gugino. The chain posted 16 consecutive quarters of same-store sales growth and hit record sales and profits last year. When Rob Lynch joined Papa John's as CEO in the summer of 2019, he inherited a chain battered by controversy and steep revenue declines. Copyright © 2021 Journalistic, Inc. All rights reserved. But will Rob Lynch, formerly the president of red hot sandwich chain Arby's, have the chops to turn the struggling pizza chain around? "As I have told the Papa John's board on many occasions for the past 15 months, a new CEO was needed to get the Company moving in the right direction," Schnatter said in a statement. Papa John's shares were trading up nearly 7% on the news Tuesday. Papa John’s reported third-quarter net sales of $403.7 million, beating analyst estimates of $386.9 million. “We’re ecstatic over here,” he said in an interview. The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. Rob … Papa John’s on Tuesday named former Arby’s President Rob Lynch its new CEO, opting to change leadership following 18 months of turmoil. Papa John's has agreed to pay him a $900,000 salary, … Papa John’s said Tuesday it made continued progress against its strategic plan in Q2, including a significant investment in marketing and the franchise system, improved profitability, and a third quarter of sequential improvement in comparable sales. Papa John’s comeback now has an executive with a proven turnaround track record at the helm. Rob Lynch - President and CEO - Papa John's International | LinkedIn. He’s held the president title at Arby’s since 2017, leading operations, marketing, culinary, and development, as well as digital initiatives. Mr. Mr. Arby’s, meanwhile, named Chief Marketing Officer Jim Taylor as Lynch’s replacement as president. And half will be spent in the second half of 2019 (the other in 2020). It's a combination of the work they are currently doing and the contributions I know I can make.". A decade later, he became a franchise owner and operator. Rob Lynch has been appointed CEO of Papa John's International Inc. Papa John's International Inc. "Where I will be focusing is on moving forward," he said. Lynch had zero doubt Papa John’s could become the “best pizza delivery company in the world.” And a year and a half later, Lynch believes the brand has a clearer path than any other point in the chain’s history. Robert Lynch, the CEO of Papa John's, discusses what attracted the company to relocate its headquarters to Cobb. Weeks later, Schnatter dismissed his lawsuits as part of a settlement with the company, left the board and has been selling his shares. Last July, Schnatter resigned as chairman of the board after he admitted to using a racial slur on a conference call. "There's an unbelievable opportunity for Papa John's to be better than it's ever been," Lynch said. During his time at Arby’s, Lynch helped direct the company’s transformation into a “Fast-Crafted” brand. That breaks down as roughly $20 million over the next four months to support a campaign featuring fresh brand ambassador Shaquille O’Neal. Founder and former CEO John Schnatter’s messy and highly publicized ouster in 2018 had become emblematic of the pizza chain, and successor Steve Ritchie was accused of enabling inappropriate corporate culture as well. He replaces Steve Ritchie, the veteran Papa John’s (PZZA) executive who took … The former Arby's president is a proven marketing and turnaround leader. Rob Lynch, the president of Arby’s, is taking over as chief executive of Papa John’s as the pizza chain shakes up its top leadership for the second time in less than two years. DTI, a network of technicians providing technical and installation services for QSR. Papa John's International's (PZZA) CEO Rob Lynch on Q4 2020 Results - Earnings Call Transcript Feb. 25, 2021 11:57 AM ET Papa John's International, Inc. (PZZA) SA Transcripts Papa John’s average unit volumes hit $1 million for the first time in its history in 2020, which had CEO Rob Lynch in good spirits last week. Ritchie took over nearly 1½ years ago, handpicked by Schnatter as his successor, in the wake of critical comments the founder made of NFL leadership in November 2017. But will Rob Lynch, formerly the president of red hot sandwich chain Arby’s, have the chops to turn the struggling pizza chain around?. Papa John's CEO Rob Lynch speaks with CNBC's Kate Rogers about the company's outlook and sales after the company reported disappointing earnings. Of that amount, $40 million is headed to marketing. Data is a real-time snapshot *Data is delayed at least 15 minutes. He was added to the company’s succession plan the following year when he was named president. Thank you, and good morning everyone. Papa John's has a new CEO. When Starboard made a strategic investment in February—a move that included placing its CEO Smith as chairman—Papa John’s said it would use up to half of the initial proceeds, or $100 million, to advance its turnaround priorities. Digital Menu Boards, Order Confirmation, Headset & Drive Thru timer Systems, Kiosks. Embraces opportunities to advance racial equity through public policy. The pizza chain announced Tuesday morning that Rob Lynch, the former president of 3,400-unit Arby’s, is taking over as president and chief executive officer, effective immediately. My experience building and transforming brands can add a lot of value here. When Papa John’s CEO Rob Lynch joined the brand in August 2019, the enormous potential was apparent, he said. En 2020, Papa John's patrocinará la ceremonia de National Youth of the Year por segundo año consecuitvo. He was promoted to CFO from senior vice president of global sales and development in April 2018. Papa John’s in an effort to drive operational efficiencies wants to take the phone out of the restaurant and replace it with more relevant technology. He says he's a fan of the work the company is doing with Shaquille O'Neal, who joined the board in March, and plans to give the retired NBA superstar an even bigger role. Mr. Mr. The company recently signed Shaquille O'Neal as a brand ambassador, new board member and investor. Papa John’s comeback now has an executive with a proven turnaround track record at the helm. Papa John’s systemwide North America same-store sales dropped 5.7 percent, year-over-year, in the second quarter of fiscal 2019. Mr. Lynch, 44, was appointed as President and Chief Executive Officer of Papa John’s in August 2019. Smith added that the decision to appoint Lynch was made by the company and board, and that Schnatter is no longer involved in the company's operations. That marked the third consecutive period of accelerating comps. Ritchie started with Papa John’s in 1996 as a customer service representative making $6 per hour. In 2010, Ritchie began serving in operations positions until being promoted to COO in 2014. Papa John's hit record unit volumes and incremental check growth throughout the year, and much of that success can be attributed to the innovative menu items introduced by the chain, according to CEO Rob Lynch. © 2021 CNBC LLC. John H. Schnatter (born November 22 or 23, 1961), nicknamed commercially as Papa John, is an American entrepreneur who founded Papa John's Pizza in 1984. Earlier this week, CEO Action for Diversity & Inclusion™ (CEO Action), the … ... CEO Rob Lynch said in an interview with Restaurant Business, “Phone answering is almost always a secondary piece of the operating model,”. Lynch replaces Steve Ritchie, who was promoted to the CEO role January 1, 2018. “I am thrilled to welcome Rob to Papa John’s at this pivotal moment in the company’s history. "Things have been improving inside Papa John's and we are going in the right direction — this is a decision that is in the long-term best interest of the company … and a function of finding Rob as a terrific leader.". Schnatter started the business in the back of his father's tavern after selling his car and using … Year to date, Papa John’s debuted 128 units globally and shuttered 86 for a net increase of 42. The terms of Rob Lynch’s contract with Papa John’s International Inc. were released in a Securities and Exchange Commission filing late Wednesday.. Lynch, … Papa John's reported North American same-store sales declines of 5.7% for the second quarter and reaffirmed its full year guidance with the news of Lynch's appointment. Papa John’s CEO Rob Lynch on the brand’s checkered past and rebuilding the pizza brand to emerge stronger The quick-service brand saw record sales in 2020 amid the coronavirus pandemic. “I am humbled and excited by the opportunity to work with this outstanding team to help make Papa John’s the best pizza company in the world,” Lynch said in a statement. Papa John's has a plan to ride the momentum past the COVID-19 pandemic, and it involves innovations that go beyond pizza. "Rob Lynch has proven to be an effective marketing leader in previous roles.". Papa John's hit record unit volumes and incremental check growth throughout the year, and much of that success can be attributed to the innovative menu items introduced by the chain, according to CEO Rob Lynch. Papa John’s CEO Rob Lynch on the brand’s checkered past and rebuilding the pizza brand to emerge stronger The quick-service brand saw record sales … Smith said that while Ritchie helped to make Papa John's stronger and more stable, the board's responsibility is to "evaluate the CEO and determine if we have the right leader going forward.". Schnatter said he was pleased with Lynch's appointment. Papa John's International, Inc. (PZZA) CEO Rob Lynch on Q3 2019 Results - Earnings Call Transcript Nov. 06, 2019 7:48 PM ET Papa John's International, Inc. (PZZA) SA Transcripts He was called the 2017 Content Marketer of the Year by Digiday and was picked by AdAge as the 2015 Marketer of the Year. Rob … Rob Lynch is President/CEO at Papa John's International Inc. See Rob Lynch's compensation, career history, education, & memberships. "Priority number one is, frankly for me, is doing a lot of listening and really engaging with key stakeholders and franchisees, as well as employees and the management team, to understand where they think the biggest opportunities and challenges are," Lynch told CNBC in an interview. We are all grateful for his dedication and contribution to the company for more than 20 years and wish him success in the future.”, Papa John’s said Lynch’s priority would be to “focus the company and its franchisees on the brand’s tremendous future potential, building on Papa John’s history of great food, outstanding customer service, and passionate team members.”. Smith added in a statement, “I would also like to thank Steve Ritchie for his steady leadership as CEO over the past year and a half. "We found someone who we felt was in the best interest of the company and stakeholders, who is uniquely qualified to go where we want to go with Papa John's," Smith said. To that point, Papa John’s will have six straight quarters of marketing dollars bumps to “amplify our differentiated market position and establish a strong national platform for our new brand ambassador,” Ritchie said in August. Enlarge. This is the latest in a series of management changes at Papa John's post-Schnatter. Rob Lynch appointed President and CEO of Papa John's International, Inc. (Photo: Business Wire) Jeff Smith, Chairman of the Papa John’s Board of Directors, said, “I am thrilled to welcome Rob to Papa John’s at this pivotal moment in the company’s history. I look forward to building on these strengths, working with Papa John’s team members, franchisees and business partners. Ritchie’s CEO appointment came as founder John Schnatter stepped down in the wake of controversial comments regarding the NFL’s handling of national anthem protests. On August 27, 2019, Papa John's announced that Arby's President Rob Lynch would be the new CEO replacing Steve Ritchie, who was handpicked by founder John Schnatter to succeed him in 2018. Smith will leave the company next year after nearly 20 years at the company. Papa John’s on Tuesday named Rob Lynch, previously president of Arby’s, its chief executive officer. Papa John's, on the other hand, completely revised the foundation of its development efforts last year by hiring a chief development officer, Amanda Clark, who then rebuilt the development team by adding new talent and capabilities, Papa John's CEO Rob Lynch said during an earnings call with investors in February. A Division of NBCUniversal. Try Getting Creative with Sides, Burger King to Enter Chicken Sandwich Wars, Two Years in the Making, The Role of Private Equity in a Post-COVID Landscape, There’s Always Room for Another Great Restaurant, Restaurants in 2021: Technology and Hospitality Search for Balance, Guests Will Spend Twice as Much with Clean Restaurants, How COVID-19 Forever Changed the Restaurant Industry, A Casual Chain Embraces the Pandemic’s Service Shakeup. The chief financial officer of Papa John’s International, Joe Smith, is leaving the company as part of a shakeup in the top ranks under new chief executive officer Rob Lynch. Got a confidential news tip? Papa John’s is stronger today because of Steve’s good work stabilizing the company, and our business continues to perform on plan. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Papa John's, the troubled pizza chain in search of a turnaround, has fired its chief executive and brought in brand marketing expert Rob Lynch, now president of … PR Week named Lynch its 2017 Outstanding Marketer of the Year. He joined the now-Inspire Brands run company in 2013 as CMO and spearheaded the “We Have the Meats” campaign. En esa ocasión, El CEO Rob Lynch y el equipo ejecutivo de Papa John's se reunieron con Sabrina McFarland y otros finalistas de Youth of the Year. The goal is no longer far-fetched. Papa John’s has no plans to launch breakfast anytime soon, a company spokesperson says. Factors included the local workforce and access to the Atlanta airport. He added that he had no intention of leaving his post at Arby's, but the opportunity enticed him. As this change was announced, Lynch said he has not been in touch with Schnatter. Of that earlier investment, an additional $40 million is being diverted to royalty relief for North America franchisees across three areas: systemwide relief available to all operators to agree to some customary terms and to move on from the past events; incentive based royalty relief around guest-service targets; and, lastly, additional needs-based royalty relief for targeted franchisees. Additionally, it will be coupled with a 25 basis-point increase Papa John’s national marketing fund contribution rate to 5 percent of restaurant sales in 2020. All Rights Reserved. He remains its largest shareholder with a 16.7% stake. After a banner year in 2020, Papa John's CEO looks to build on company's growth. PAPA JOHN'S TO UNLEASH $40M MARKETING BLITZ, ARBY'S PROMOTES CMO JIM TAYLOR TO PRESIDENT ROLE. Lynch also served as president of Arby’s franchisee association since 2013, driving the chain’s first new restaurant growth in a decade. Papa John's President & CEO Rob Lynch poses for photos at … "That is really important for this company, that we are focused on the future and future opportunities.". As CEO of the world’s third largest pizza delivery company, he … We want to hear from you. Papa John’s North America total of 3,319 restaurants (there are 5,345 with international included) is down from 3,337 as of December 30, 2018. Papa John’s did not provide any details about Ritchie’s future. Lynch said he's a fan of the work the company is doing with O'Neal and plans to help guide the company from a strategic standpoint to use the retired basketball superstar even further. "It gave me a lot of excitement about where the company is going and how I can contribute to it going forward. Joining me on the call today are President and CEO, Rob Lynch and our CFO, Ann Gugino. The pizza chain’s stock, valued at $1.5 billion, jumped 7.5% in … Rob Lynch, the president of Arby’s, is taking over as chief executive of Papa John’s as the pizza chain shakes up its top leadership for the second time in less than two years. [33] In September 2020, Papa John's announced plans to move its global headquarters to the Atlanta metropolitan area . LOUISVILLE, Ky. -- (BUSINESS WIRE)--Oct. 6, 2020-- Papa John’s is proud to share that President and CEO, Rob Lynch, has been announced on the governing committee of the newly launched “ CEO Action for Racial Equity ,” a fellowship that provides the opportunity for CEO Action signatories to advance racial equity through public policy. Lynch was named CEO of Papa John’s (PZZA) Tuesday morning. At the helm of Papa John's, newly minted CEO Rob Lynch said he plans on doing a lot of listening as he leads the pizza chain forward after a series of executive changes, branding challenges and legal woes in the wake of a fallout with founder John Schnatter. 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Previously, he held leadership positions at Taco Bell, HJ Heinz Company, and Procter & Gamble, and has 20 years combined experience in quick-service and consumer packaged goods. Papa John's CEO Responds After Founder Slams Its Pizza: 'We Haven't Made Any Changes' “We haven’t made any changes,” explained current CEO Rob Lynch during an interview with CNBC. The NBA legend is set to break through Papa John’s materials in early September. Lynch was named Papa John’s CEO in August after a tenure at Arby’s that saw 16 consecutive quarters of same-store sales growth. “Papa John’s has the most loved pizza in the industry, incredibly dedicated team members and franchisees that have proven their resilience and commitment, and a long history of innovation that puts the company at the front of where the foodservice industry is going. Lynch is known for his marketing prowess and created the Arby's campaign slogan "We Have the Meats," which is now synonymous with the brand. Papa John’s appointment of Arby’s President Rob Lynch as CEO is the latest in a series of management changes in the wake of a fallout with founder John Schnatter. Papa John's made progress in the second quarter but still has a long way to go. Here’s a look at recent trends: The company closed 35 North America restaurants this past quarter as well, while opening 18. “We’re ecstatic over here,” he said in an interview. EMV, NFC, pay at table, online ordering, curbside delivery, point to point encryption. His proven record transforming organizations and realizing the growth potential of differentiated brands is ideally suited for Papa John’s as the company sets forth on its next chapter,” Jeff Smith, chairman of Papa John’s board of directors, said in a statement. In February, activist investor Starboard Value made a $200 million investment in the company and Jeff Smith, CEO of Starboard, became Papa John's chairman. Lynch says he … “I am thrilled to welcome Rob to Papa John’s at this pivotal moment in the company’s history. Papa John’s has a new CEO. Papa John's appointment of Arby's President Rob Lynch as CEO is the latest in a series of management changes in the wake of a fallout with founder John Schnatter. Sign up for free newsletters and get more CNBC delivered to your inbox. View Rob Lynch’s profile on LinkedIn, the world’s largest professional community. Papa John’s average unit volumes hit $1 million for the first time in its history in 2020, which had CEO Rob Lynch in good spirits last week. Thank you, and good morning everyone. The pizza chain announced Tuesday morning that Rob Lynch, the former president of 3,400-unit Arby’s, is taking over as president and chief executive officer, effective immediately. He added that the change in leadership is not a reflection of current company results. Papa John's appointment of Arby's President Rob Lynch as CEO is the latest in a series of management changes in the wake of a fallout with founder John Schnatter. Get this delivered to your inbox, and more info about our products and services. Papa John's CEO Rob Lynch speaks with CNBC's Kate Rogers about the company's outlook and sales after the company reported disappointing earnings. Lynch says he wants to listen and engage with workers, franchisees and shareholders. Hyoung Chang | Denver Post | Getty Images, Watch CNBC's full interview with Papa John's new board member Shaquille O'Neal, dismissed his lawsuits as part of a settlement, signed Shaquille O'Neal as a brand ambassador. Hiring a marketing maven fits for Papa John’s. I absolutely believe that Papa John’s best days are ahead.”. Papa John's has a plan to ride the momentum past the COVID-19 pandemic, and it involves innovations that go beyond pizza. The former president of Arby's, who helped the sandwich chain through a turnaround of its own, is taking over effective immediately, replacing former CEO Steve Ritchie. His proven record transforming organizations and realizing the growth potential of differentiated brands is ideally suited for Papa John’s … Arby's president and now Papa John's CEO Rob Lynch replaced ousted Steve Ritchie this week.

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