March 21, 2024
Rob Lynch, president and CEO of Papa Johns, will step down to take the lead position at Shake Shack. The brand's board of directors has appointed current Chief Financial Officer Ravi Thanawala as interim CEO effective today, according to a company press release.
"It's been my honor and privilege to serve as
Thanawala joined Papa Johns in 2023 as CFO. He has held prior positions with Nike North America, Converse and Ann Inc.
"I'm honored to step in as interim CEO during this transition period and thank the Papa Johns Board of Directors for its confidence in me," Thanawala said in the releae. "We have a talented executive leadership team, a strong group of franchisees and dedicated team members behind this iconic brand who will continue to deliver on our Back to Better 2.0 strategy and international transformation initiatives, creating long-term value for all of our stakeholders."
Papa Johns operate more than 5,900 restaurants in 50 countries and territories.