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By Micah Maidenberg
Papa John's International is expanding its board, the latest changes to a panel now chaired by Jeffrey Smith, CEO of activist investor Starboard Value.
The pizza chain says Howard Dubin, CEO of Unilever's Dollar Shave Club, and Jocelyn Mangan, who has served in executive positions at OpenTable and hiring firm Snagajob, joined the board.
Last month, Papa John's announced Mr. Smith would take over as board chair as Starboard made a $200 million investment in the company.
In additional to Mr. Smith joining as chair, Anthony Sanfilippo, the former CEO of gambling company Pinnacle Entertainment, also became an independent director of the Papa John's board last month. Steve Ritchie, CEO of the chain, joined the panel as well.
Papa John's has suffered from declining same-store sales, something the company has attributed to controversies tied to its founder, John Schnatter.
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(END) Dow Jones Newswires
March 14, 2019 18:25 ET (22:25 GMT)
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