Papa John's hires Arby's head as CEO to drive turnaround

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Papa John's hires Arby's head as CEO to drive turnaround
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Papa John's International Inc on Tuesday named Arby's Restaurant Group...

- Papa John’s International Inc on Tuesday named Arby’s Restaurant Group Inc President Rob Lynch as its chief executive officer, replacing Steve Ritchie barely 19 months after he took the role, sending shares of the world’s third-largest pizza chain up nearly 10%.

A former marketing executive at Yum Brands’ Taco Bell and Procter & Gamble Co, Lynch will be tasked with turning around the company’s struggling sales as it fights to get past the negative publicity surrounding its founder John Schnatter. Schnatter resigned as CEO in 2017 after he came under fire for criticizing the National Football League’s leadership over national anthem protests by players, giving the role to Ritchie.

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