INSIDER
Papa John's names head of Arby's as CEO
Read full article: Papa John's names head of Arby's as CEOLynch was named CEO of Papa John's Tuesday morning. He replaces Steve Ritchie, the veteran Papa John's executive who took over in the wake of the scandal surrounding founder and former CEO John Schnatter. Starboard CEO Jeffrey Smith took over as Papa John's chairman. "I am thrilled to welcome Rob to Papa John's at this pivotal moment in the company's history," Smith said in a statement. Shares of Papa John's, which rallied on the news of Lynch's hiring, are up more than 10% this year.