Name: Lance Tucker
New title: Chief Financial Officer, Jack in the Box
Previous title: Chief Financial Officer, Davidson Hospitality Group
On Jan. 13, Tucker will join Jack in the Box as CFO, resuming a position he held from March 2018 to July 2020, according to a press release.
Tucker will replace Brian Scott as CFO. Scott announced his impending departure for a job outside the restaurant industry in October.
As incoming CFO, Tucker will have responsibility for “all aspects of financial strategy, planning, and operations.” His work will aim to make sure Jack in the Box “remains agile in the rapidly evolving fast-food landscape,” according to the press release.
Tucker brings a significant knowledge of Jack in the Box’s brand to his post. During his previous stint, he “played an instrumental role in implementing the company’s securitization, while returning capital and value to shareholders,” according to the press release.
After leaving Jack in the Box, Tucker went to CKE Restaurants as CFO, then joined third-party hotel management firm Davidson Hospitality Group as CFO in 2022 according to his LinkedIn profile. Earlier in his career, he served more than seven years as finance chief at Papa Johns.
Jack in the Box is in a challenging position. The brand’s same-store sales, and the same-store sales at Del Taco, have fallen in recent months. Jack in the Box’s comparable sales fell 2.5% in fiscal Q2 and 2.2% in fiscal Q3, while Del Taco’s comps slid 1.4% and 3.9% in those quarters.
But the brand has signed a spate of development deals that will significantly expand its store base. In June, the brand announced a 15-store deal in Georgia, its entry to that market, and weeks later announced a 12-store deal bringing it back to Chicago for the first time in decades.
