Papa John’s appoints new CEO

Leslie Patton US struggling pizza maker Papa John’s has appointed Arby’s president Rob Lynch as its new chief executive.

US struggling pizza maker Papa John’s has appointed Arby’s president Rob Lynch as its new chief executive. Mr Lynch, a fast-food industry veteran, will replace Steve Ritchie.

It’s the biggest shakeup since activist shareholder Starboard Value set its sights on the pizza company. In a statement, chairman Jeff Smith cited Mr Lynch’s “proven record transforming organisations and realising the growth potential of differentiated brands”.