Jack in the Box swaps CEOs after one year as stock craters 50% and same-store sales hit record lows
Mark King takes interim CEO role, replacing Lance Tucker after just 15 months. King is sticking with the existing 'Jack on Track' turnaround plan even as franchisee profitability erodes and the chain posts its worst-ever same-store sales declines.
Jack in the Box named Mark King interim CEO, replacing Lance Tucker after just one year. The QSR chain faces franchisee profitability pressure, worst-ever same-store sales declines, and a stock down 50% YoY. King backs existing 'Jack on Track' plan.