News

Jack in the Box begins CFO search

April 10, 2017

Jack in the Box is beginning the search for a chief financial officer to take over when CFO Jerry Rebel retires next year, according to a news release. The 12-year veteran of the fast food company is credited with dramatically increasing the percentage of franchise ownership in the brand, as well as playing a key role in expanding its Qdoba Mexican Eats concept. 

"Jerry has been a key driver in the transformation of our business model since joining the company in 2003," Chairman and CEO Lenny Comma, said in a news release. "The company, its shareholders and other stakeholders are better off as a result of his vision and leadership. We are extremely grateful for his many contributions to the organization, which have positioned us well for continued success."

Under Rebel’s leadership as CFO since 2005, Rebel led initiatives that ultimately grew franchise ownership from 25 percent to the 80 percent it is today. In that time the company has also returned nearly $2.3 billion of cash to shareholders through stock repurchases and dividends and Jack in the Box common stock has appreciated by more than 450 percent, as of market close on April 7, 2017.

The 2,200-location hamburger chain is operating in 21 states and Guam. Through a wholly owned subsidiary, the company operates and franchises Qdoba Mexican Eats, with more than 700 locations.

The company has begun an external search for a new CFO. Rebel is continuing on until that individual is appointed.