Jack in the Box Inc. CFO To Retire

San Diego — Jerry Rebel plans to retire as Jack in the Box Inc.’s chief financial officer in 2018. The company will begin an external search for a new CFO, and Rebel will continue to serve as CFO until after the appointment of a successor.

“Jerry has been a key driver in the transformation of our business model since joining the company in 2003,” says Lenny Comma, chairman and chief executive officer. “The company, its shareholders and other stakeholders are better off as a result of his vision and leadership. We are extremely grateful for his many contributions to the organization, which have positioned us well for continued success.”

Under Rebel’s leadership as CFO beginning in January 2005, the company has dramatically increased the percentage of franchise ownership of the Jack in the Box® brand, and expanded its Qdoba Mexican Eats® concept. During his tenure as CFO:

• Franchise ownership of the Jack in the Box brand has increased from approximately 25% in 2005 to over 80% today.

• The company has returned nearly $2.3 billion of cash to shareholders through stock repurchases and dividends.

• Jack in the Box Inc. common stock has appreciated by more than 450%, as of market close on April 7, 2017.

Jack in the Box Inc., based in San Diego, is a restaurant company that operates and franchises Jack in the Box® restaurants, one of the nation’s largest hamburger chains, with more than 2,200 restaurants in 21 states and Guam. Additionally, through a wholly owned subsidiary, the company operates and franchises Qdoba Mexican Eats®, a leader in fast-casual dining, with more than 700 restaurants in 47 states, the District of Columbia and Canada. For more information, visit www.jackinthebox.com or www.qdoba.com.

SOURCE: Jack in the Box Inc.

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