Papa John's Announces Chief Financial Officer Transition
Flanery joined Papa John's in 1994 after 15 years with Ernst & Young. During his career with Papa John's he served in several finance and leadership positions, including as CFO since 2004 and interim head of the company's international division on three separate occasions.
"David has provided sound leadership of our financial functions during
an important period of growth for the company," said Papa John's
co-Chief Executive Officers,
During Flanery's tenure with the company, Papa John's grew from a regional chain of 400 restaurants in 1994, to a global brand with 3,700 restaurants in all 50 states and 32 countries today.
"I've enjoyed being part of this great company and brand for the last 16 years," Flanery said. "I'm proud of the role my team and I have been able to play in supporting Papa John's growth over the years. I believe Papa John's is well-positioned for growth in the years ahead."
Tucker, 42, has served as Papa John's Senior Vice President, Strategic
Planning and Chief of Staff since 2010, responsible for strategic
planning and overseeing the company's
"Lance brings strong finance and restaurant industry experience and a deep understanding of our company to this important role," said Thompson. "We are confident in his ability to continue Papa John's commitment to financial discipline and building value for our shareholders."
"I'm excited to take on the role of Papa John's CFO," said Tucker. "I thank David for the work he has done in building a very strong finance team, one that is deep in talent. I look forward to continuing to work closely with our management team and Board of Directors to continue Papa John's strategic and disciplined growth in the years ahead."
Certain matters discussed in this press release and other company communications constitute forward-looking statements within the meaning of the federal securities laws. Generally, the use of words such as "expect," "estimate," "believe," "anticipate," "will," "forecast," "plan," "project," or similar words identify forward-looking statements that we intend to be included within the safe harbor protections provided by the federal securities laws. Such statements may relate to projections concerning revenue, earnings, margins, unit growth and other financial and operational measures. Such statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict and many of which are beyond our control. Therefore, actual outcomes and results may differ materially from those matters expressed or implied in such forward-looking statements.
The risks, uncertainties and assumptions that are involved in our
forward-looking statements include, but are not limited to: changes in
pricing or other marketing or promotional strategies by competitors
which may adversely affect sales, including an increase in or
continuation of the aggressive pricing and promotional environment; new
product and concept developments by food industry competitors; the
ability of the company and its franchisees to meet planned growth
targets and operate new and existing restaurants profitably; general
economic conditions and resulting impact on consumer buying habits;
changes in consumer preferences; increases in or sustained high costs of
food ingredients and other commodities, paper, utilities, fuel, employee
compensation and benefits, insurance and similar costs (including the
impact of the recently passed federal health care legislation); the
ability of the company to pass along increases in or sustained high
costs to franchisees or consumers; the impact of legal claims and
current proposed legislation impacting our business; the impact that
product recalls, food quality or safety issues, and general public
health concerns could have on our restaurants; and increased risks
associated with our international operations. These and other risk
factors are discussed in detail in "Part I. Item 1A. - Risk Factors" of
the Annual Report on Form 10-K for the fiscal year ended
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