Jack in the Box adds former Starbucks CFO to its board

Jack in the Box Inc. (NASDAQ: JACK) has appointed Rachel Ruggeri, former Executive Vice President and Chief Financial Officer of Starbucks Corporation, to its board of directors as an independent director, the company announced.

Ruggeri brings more than 30 years of experience in the quick service restaurant and consumer goods industries. At Starbucks, she oversaw global finance, strategy and corporate development. She previously served as CFO and Senior Vice President of The Krusteaz Company. She currently sits on the board of Stryker Corporation, where she chairs the Audit Committee, and Open Farm. She holds an MBA from Washington State University.

Separately, the company announced that board member Michael Murphy will retire and will not stand for reelection at the company's 2027 Annual Meeting of Stockholders.

Jack in the Box also announced an extension of its existing cooperation agreement with GreenWood Investors, LLC, including standstill, voting and other provisions. The amended agreement will be filed on Form 8-K with the Securities and Exchange Commission.

Mark King, Executive Chairman and Interim Chief Executive Officer, noted that President Taylor Montgomery is expected to join the board when he assumes the role of Chief Executive Officer within the next 12 months.

Jack in the Box operates and franchises approximately 2,115 restaurants across 25 states, Mexico and Guam.

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