Management ChangeSep 21, 2026, 04:19 PM
Jack in the Box Appoints Former Starbucks CFO to Board; Extends GreenWood Pact
AI Summary
Jack in the Box Inc. announced the appointment of Rachel Ruggeri, former Executive Vice President and Chief Financial Officer of Starbucks Corporation, as an independent director to its Board. The company also noted the upcoming retirement of director Michael Murphy. Additionally, Jack in the Box and GreenWood Investors, LLC have extended their Nomination and Cooperation Agreement, which includes provisions regarding board size, director consultations, and investor event planning.
Key Highlights
- Jack in the Box appointed Rachel Ruggeri, former Starbucks CFO, as an independent director.
- Michael Murphy will retire from the Board at the 2027 Annual Meeting of Stockholders.
- The Company and GreenWood Investors extended their Nomination and Cooperation Agreement.
- The cooperation agreement term is extended through the nomination window for the 2028 annual meeting.
- Board size will not exceed nine directors without GreenWood's consent.
- Jack in the Box will consult with GreenWood on prospective directors and investor event materials.
Price Impact
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