Former Starbucks CFO Rachel Ruggieri Joins Jack in the Box Board
Jack in the Box has appointed former Starbucks CFO Rachel Ruggeri as an independent director on its board, according to a press release. This move is part of ongoing efforts by the company to refresh and strengthen its leadership team following a cooperation agreement with shareholder GreenWood Investors LLC last November. Ruggieri brings over two decades of experience in finance and restaurant operations, having served four years as Starbucks' Executive Vice President and CFO before leaving in March 2025. Her appointment follows several recent executive changes at Jack in the Box aimed at addressing financial challenges such as declining sales and increasing debt. The company has also added new directors to its board and formed a capital allocation committee. The leadership reshuffle is part of broader strategic initiatives by Jack in the Box, including plans for restructuring and improving its capital structure after selling off its Del Taco brand last year.
Topics: CFO appointment restaurant industry shareholder agreements