Linda A. Lang, chief executive officer (CEO) and chairman of
the board of
Jack in the Box Inc.
), will retire on Jan 1, 2014 after serving this Calif.-based
hamburger chain since 1984. Leonard A. Comma, currently
president and chief operating officer (COO), will take over the
reins from January.
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Since joining, Lang has worked in marketing, operations and
finance divisions of the company and held officer-level positions
since 1996. In 2003, she assumed the role of president and chief
operating officer and was promoted to chairman and CEO in 2005.
Under her leadership, Jack in the Box scaled new heights in terms
of refranchising, expansion of its Qdoba Mexican Grill brand,
market share gain, and gained precedence in the stock market.
Considering Lang's vast know-how in financial management and her
29-year long association with this restaurateur, we believe Jack
in the Box is losing a great employee.
Coming to Comma, he has donned many important roles in his
career. He joined Jack in the Box in 2001 and went through a
series of promotions. Prior to that, he served as the regional
Exxon Mobil Corp.
), where he oversaw more than 300 franchisees in California,
Nevada and Arizona.
We believe, although it will be a critical job for the new
recruit to keep delivering solid results in a sluggish business
environment, considering Comma's decade-old alliance with
the company, he should be able to do justice to his new
Jack in the Box currently carries a Zacks Rank #2 (Buy). Some
other players in the same industry, which look attractive at
current levels include
Red Robin Gourmet Burgers Inc.
Domino's Pizza Inc.
) both carrying a Zacks Rank #2.