Papa John’s Preparing to Appoint Arby’s President Rob Lynch as its CEO
- Starboard Value has been pushing for changes at pizza chain
- Lynch led campaign at Arby’s poking fun at vegetarians
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Struggling pizza maker Papa John’s International Inc. appointed Arby’s President Rob Lynch as chief executive officer, naming an outsider as it further breaks from its controversial founder John Schnatter.
Lynch, a fast-food industry veteran, will replace Steve Ritchie. It’s the biggest shakeup since activist shareholder Starboard Value set its sights on the pizza company. In a statement, Chairman Jeff Smith cited Lynch’s “proven record transforming organizations and realizing the growth potential of differentiated brands.”