LOUISVILLE, Ky. — Bill Van Epps, chief operating officer for Papa John's, has received an extension on his employment agreement through Aug. 31, 2007.
According to a regulatory filing, Epps will earn an annual salary of $500,000 topped with 10,000 stock options. Any bonuses will be determined by the chain's compensation committee.
Van Epps will also get a new boss come April, when Nigel Travis assumes the dual posts of chief executive and president of Papa John's (read also ANALYSIS: Meet the new boss. Different from the old boss). Founder John Schnatter served both roles for the past several years, but will step aside when Travis comes in. Schnatter will remain the company's chairman.