LOUISVILLE, Ky.--(BUSINESS WIRE)--
Papa John's International, Inc. (NASDAQ: PZZA) today announced that Joe
Smith, most recently Senior Vice President, Global Sales and Development
for Papa John's, has been promoted to Chief Financial Officer (CFO)
Mr. Smith, 54, has approximately 33 years of experience in finance,
development and auditing, and is a Certified Public Accountant. He
joined Papa John's in 2000, serving most recently as Senior Vice
President, Global Sales and Development since 2016 and as Vice
President, Global Sales and Development from 2010 to 2016. He served as
Vice President of Corporate Finance from 2005 to 2010 and as Senior
Director of Corporate Budgeting and Finance from 2000 to 2005. Prior to
joining Papa John's, Mr. Smith served as Corporate Controller for United
Catalysts, Inc. from 1998 to 2000. Mr. Smith began his career in public
accounting in 1985 at Ernst & Young.
President and Chief Executive Officer Steve Ritchie commented, "Joe has
had an integral role in the growth of Papa John's during his 18 years
with the Company, including 10 years in Finance and 8 years in our
Global Development departments. His knowledge and experience position
him well to serve as our new CFO, particularly given the work underway
to evaluate and invest in new opportunities for value creation. I look
forward to working with Joe in his new role." Founder Chairman John
Schnatter added, "Joe has demonstrated strong finance skills and
integrity in his many years with Papa John's, and his promotion is well
deserved. His extensive knowledge of our Company and industry make him
the ideal person to lead our finance team." "I'm excited to be named
Papa John's CFO," said Smith. "I look forward to continuing to work
closely with Steve Ritchie and our entire management team, John
Schnatter and our Board of Directors and our franchise system."
Steve Coke, who has been serving as interim principal financial and
accounting officer, will continue to serve as Vice President, Investor
Relations and Strategy.
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," "intend," "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
forward-looking statements may relate to projections or guidance
concerning business performance, revenue, earnings, cash flow,
contingent liabilities, resolution of litigation, commodity costs,
profit margins, unit growth, unit level performance, capital
expenditures, share repurchases, dividends, effective tax rates, the
impact of the Tax Cuts and Job Act and the adoption of new accounting
standards, 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. Our risk factors are discussed in detail in
"Part I. Item 1A. - Risk Factors" in our Annual Report on Form 10-K for
the fiscal year ended December 31, 2017. We undertake no obligation to
update publicly any forward-looking statements, whether as a result of
future events, new information or otherwise, except as required by law.
For more information about the company, please visit www.papajohns.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180426006853/en/
Papa John's International, Inc.
Steve Coke, 502-261-7272
President of Investor Relations and Strategy
Source: Papa John's International, Inc.
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