- Jack In The Box Inc (NASDAQ:JACK) said Tim Mullany, Executive Vice President and Chief Financial Officer, will leave the company for personal reasons, effective February 2, 2023.
- The company has initiated a search for a new Chief Financial Officer.
- Meanwhile, Dawn Hooper, VP, Controller & Financial Reporting, will assume a temporary role as Principal Financial Officer.
- She will report to Darin Harris, CEO, until a successor is named.
- “I appreciate Tim’s partnership as he guided us through a period of unprecedented inflation while simultaneously integrating our two Brands this year,” said CEO Darin Harris.
- Price Action: JACK shares closed lower by 0.30% at $69.52 on Monday.
- Photo Via Company
Apparel Retailer Express Files for Bankruptcy; Shuts Some Stores
Express Inc (OTC:EXPR) and subsidiaries file Chapter 11 petitions, signaling a strategic move to optimize operations and strengthen financial position. The retailer plans to shutter 95 stores, including all UpWest outlets, with a commitment of $35 million in new financing. Amidst this restructuring, Express receives $49 million from the IRS and eyes a potential majority stake sale to WHP Global-led consortium.
