Jack in the Box Adds Starbucks' Former CFO, Rachel Ruggeri, to Its Board
Jack in the Box Inc. has appointed Rachel Ruggeri, former Executive Vice President and Chief Financial Officer of Starbucks Corporation, as an independent director on its board. This move is part of ongoing efforts to refresh the company's leadership with new expertise in finance and restaurant operations. Michael Murphy will retire from the board and not seek re-election at Jack in the Box’s 2027 annual meeting. Ruggeri brings extensive public company experience, particularly within the quick-service restaurant sector. Her appointment aligns with a broader strategy to strengthen financial performance and operational execution across the business. President Taylor Montgomery is also expected to join the board when he becomes CEO in the next year. The change reflects collaboration between Jack in the Box's leadership and GreenWood Investors, LLC. The company has extended its cooperation agreement with GreenWood under new terms that will be filed with the SEC. Both parties have emphasized progress made by the refreshed board composition over the past year.
Topics: board of directors executive appointment leadership change