Papa John's announced that several top executives will be leaving the company.
The company also announced its third-quarter results, which were mixed compared with analysts' estimates.Papa John's International Inc. signage is displayed on top of a delivery vehicle outside of the company's restaurant in Nashville, Tennessee.stock jumped 5% in premarket trading after announcing an executive reshuffle and quarterly revenue that topped Wall Street's estimates.Shares of the pizza chain, which has a market value of $1.
Chief Operating and Growth Officer Mike Nettles and Chief Marketing Officer Karlin Linhardt will also be departing the company after a transition period."As we introduce a more focused plan and strategic priorities for the company, we are realigning Papa John's senior management, promoting leaders within the company and adding proven talent," CEO Rob Lynch said in a statement.. Prior to joining Papa John's to replace CEO Steve Ritchie, he was president of Arby's.
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