JACK - Jack Finds its Management Jumping Out of the Box
In December, Jack in the Box (NASDAQ: JACK) announced that CEO Lenny Comma would be stepping down. His departure date is yet to be determined, and he'll assist the board in finding his successor.
Comma's departure announcement comes shortly after other management changes at Jack. In September, Jack announced the departures of Chief Legal Officer Phillip Rudolph, Chief of Staff & Strategy Mark Blankenship, and Controller & Treasurer Paul Melancon. Rudolph and Blankenship will leave in February, Melancon left in early January.
Let's look closer at the situation at Jack and why Comma and the other executives are leaving.