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Papa John's splits CEO position
April 28, 2010
Papa John's International Inc. announced the promotion of company president and COO Jude Thompson to co-CEO, along with Founder and Chairman John Schnatter.
"I am delighted that Jude and I will continue our work together, now as co-chief executive officers," said Schnatter in a company statement. "This appointment recognizes the partnership we have developed since I rejoined the day-to-day management of the company in December 2008, and allows us to divide CEO-level responsibilities in a way that our board agrees plays to our respective strengths."
Schnatter will continue to focus on the company's sourcing of ingredients, distribution and product quality. He will continue to serve as brand spokesperson, while Thompson will be responsible for all other aspects of the day-to-day running of the business.
"John is the face of this brand and is passionate about delivering a superior-quality product to our customers," said Thompson. "I am excited about continuing to work alongside John, as well as with our franchise and corporate operators and management team, to continue to move our brand forward."
Schnatter created the Papa John's concept and has served as Chairman and CEO, or in other executive capacities, since his founding of the company in 1984.
Thompson joined the Papa John's Board of Directors in 2008 and was appointed Papa John's president and COO in April 2009. He formerly held executive positions at WellPoint Inc. and Anthem Blue Cross and Blue Shield.
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