Jack in the Box has named Taco Bell veteran Taylor Montgomery as its future CEO, tasking him with improving sales, execution, and franchisee profitability. Montgomery will join as president on September 14, a newly created role overseeing brand strategy, and is expected to become CEO within 12 months, joining the board at that time. He will receive a $700,000 base salary, a $220,000 signing bonus, and a one-time restricted stock grant valued at $1.5 million, with additional performance and long-term incentives. Montgomery most recently served as global chief brand officer at Taco Bell, where he oversaw growth strategy for a system with more than $18 billion in sales and over 9,000 restaurants. His appointment continues a succession process that began when executive chairman Mark King took over as interim CEO in February after Lance Tucker stepped down.
Jack in the Box Inc.Appointment of new CEO with strong Taco Bell background expected to improve sales and operations.
