- Signs for push-out forces
- After around twelve years on the job
- Laud, praise and thanks for Rebel
- Search for a successor
- Rebel said 57 words
(exechange) — San Diego, California, April 10, 2017 — Jerry Rebel, finance chief of Jack in the Box, leaves. As announced by Jack in the Box Inc. in a news release and in a regulatory filing published on Monday, April 10, 2017, Jerry P. Rebel leaves the post as Chief Financial Officer at the fast-food restaurant chain in a surprising move after around twelve years on the job, effective in 2018.
It is the end of an era.
Jack in the Box will undertake a search for a successor.
No reason given
In the announcement, Jack in the Box did not explicitly explain the reason for Rebel’s move, opening the door for speculation.
Precise information about the future plans of Rebel was not immediately available.
Jack in the Box said: “Jerry Rebel plans to retire as the company’s Chief Financial Officer in 2018.”
Share price decline
The change follows a decline in the share price of Jack in the Box Inc. since February 2017.
Chaired by Leonard A. Comma
Jack in the Box Inc. is chaired by Leonard A. Comma.
Leonard (Lenny) Comma has been Chairman of the Board and Chief Executive Officer since January 2014. From May 2012 to October 2014, Comma served as President, and from November 2010 to January 2014, he served as Chief Operating Officer.
On the job as CFO since 2005
Jerry Rebel has been Executive Vice President and Chief Financial Officer since October 2005.
He was previously Senior Vice President and Chief Financial Officer from January 2005 to October 2005 and Vice President and Controller of the Company from September 2003 to January 2005.
Prior to joining the Company in 2003, Jerry held senior level positions with Fleming Companies and CVS Corporation.
He has more than 31 years of corporate finance experience.
Rebel has served on the Board of Directors of the San Diego Chamber of Commerce since 2008 and was its Board Chairman in 2014-2015.
Rebel has agreed to provide any needed assistance to ensure a smooth transition once a successor has been hired.
Generally speaking, when a top manager announces to step aside with no successor available, it’s a signal that the change was unplanned and too early.
Signs for push-out forces
It is not completely certain what forces eventually triggered Jerry Rebel’s move.
The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the management change.
Read the full story in the exechange report 16.2017 ($).