Ann Gugino Steps Down as Papa Johns CFO
Ann Gugino has stepped down as chief monetary officer for Papa Johns Worldwide however will stay in a transitionary position till March 31, Nation’s Restaurant Information (NRN) has reported.
Chris Collins, the chain’s vice chairman of treasury and tax, will step into the place as interim CFO, based on NRN.
Gugino was named CFO on October 5, 2020. She joined Papa Johns from the Goal Company. As a key member of the pizza chain’s government management crew, her job was to assist construct and implement Papa Johns’ long-term plans for worthwhile progress and shareholder worth creation.
“This spring I will likely be wrapping up my time at Papa Johns,” Gugino said in a LinkedIn put up on March 22. “Once I joined this firm, it was close to the start of an effort to show the corporate round and put it on a stronger path for progress. This chance gave me the possibility not solely to carry ahead my breadth of monetary expertise but in addition to work collectively as a finance crew to additional construct and strengthen the operate.”
“After all,” she added, “I’m gratified that Papa Johns is in a essentially stronger place right now however particularly happy with our crew’s position in making that occur. I additionally really feel blessed for the friendships I made alongside the best way.”
On the time of Gugino’s appointment as CFO, Papa Johns President/CEO Rob Lynch described her as “a confirmed chief and alter agent who brings deep expertise within the client and retail sector, together with driving demand and profitability throughout digital and conventional commerce at Goal.”
Throughout Gugino’s tenure, Papa Johns noticed a major soar in same-store gross sales and launched a lot of new menu objects. The chain’s same-store gross sales rose 26% on a three-year foundation, though the corporate reported solely a 1% enhance in same-store gross sales for the fourth quarter of 2022 in comparison with the earlier quarter.