SAN DIEGO, Calif. – Jack in the Box Inc. has announced that Jerry Rebel, CFO, plans to retire from the company in 2018. Rebel will continue to serve as CFO while the company begins an external search for a replacement. He has agreed to assist, as necessary, to ensure a smooth transition for his incoming successor.
“Jerry has been a key driver in the transformation of our business model since joining the company in 2003,” Lenny Comma, chairman and CEO, said in a statement. “The company, its shareholders and other stakeholders are better off as a result of his vision and leadership. We are extremely grateful for his many contributions to the organization, which have positioned us well for continued success.”
Rebel began as CFO in January 2005. During his tenure, the company has increased the percentage of franchise ownership from 25 percent to more than 80 percent and expanded the Qdoba Mexican Eats concept. In addition, Jack in the Box common stock has appreciated over 450 percent as of market close on April 7. Also during Rebel’s time as CFO, the company has returned almost $2.3 billion to shareholders through dividends and stock repurchases.
“I’m proud to have been a part of an incredible group that has accomplished so much over the last 13 years and am grateful for the tremendous support and commitment of our employees, board of directors, franchisees and shareholders,” Rebel said. “I am confident in the company’s leadership team and its ability to drive continued success in the future.”