Papa John's International announced the departure of Chief Financial Officer Ravi Thanawala, who is leaving to become CFO of another public company. Senior Vice President of Corporate Finance and Principal Accounting Officer Chris Collins has been appointed interim CFO, effective immediately. Collins joined Papa John's in 2021 and previously served as interim CFO from March to July 2023. Thanawala will remain in an advisory role through July 31 to support the transition, and the company has begun searching for a permanent CFO. Additionally, Senior Vice President of North America Operations Marc Richard has assumed responsibility for all North America operations, including those previously overseen by Thanawala in his role as President. Papa John's also said it will report second-quarter 2026 financial results before the market opens on August 6. The stock closed 2.62% higher at $36.77 on the Nasdaq on Tuesday.
Papa John's International IncCFO departure is a leadership change; stock rose 2.62% but impact is unclear until permanent CFO is named.