Papa John’s replaces North America president in administration shake-up

Papa John’s Worldwide has reshuffled its senior management, naming Ravi Thanawala as chief monetary officer (CFO) and president for North America.

Thanawala, who had been serving because the agency’s CFO and worldwide government vice-president, will now spearhead the group’s North American enterprise along with his finance duties.

His new remit covers growth methods and restaurant operations throughout the area.

Chris Lyn-Sue will transfer from the function of senior vice-president (SVP) and head of worldwide markets, to SVP and worldwide basic supervisor.

With the appointments efficient instantly, each executives will report on to president and CEO Todd Penegor.

Thanawala joined the pizza chain from Nike, the place he had been the CFO of Nike North America.

He was additionally the worldwide vice-president and CFO of the Converse model, and the worldwide vice-president of retail excellence, managing the model’s efficiency throughout enterprise channels together with franchises, licences and direct-to-consumer.

Earlier than becoming a member of Nike, he labored at attire retailer Ann Inc.

Penegor said: “Ravi is a confirmed chief whose disciplined give attention to working execution, compelling product innovation, and value administration has generated significant development throughout Papa Johns worldwide enterprise.

“Given his monitor document […] and his success with client model turnarounds, we’re assured that Ravi is the best individual to information our North America enterprise by way of present headwinds and assist speed up our transformation to ship better worth for shareholders, clients and franchisees.”

Thanawala turned a part of Papa John’s as CFO in 2023 and was given duty for the worldwide enterprise final 12 months.

He additionally held the function of CEO on an interim foundation from March to August 2024.

Chief restaurant and world growth officer Joe Sieve is leaving the corporate.

The administration modifications come on the heels of the report of hedge fund supervisor Irenic Capital Administration accumulating a stake in Papa John’s throughout the third quarter of 2025.

Whereas new stakes by activist hedge funds regularly foreshadow efforts to push administration in direction of strategic alternate options, it stays unclear what particular modifications, if any, Irenic plans to pursue on the pizza chain, as reported by Reuters.

“Papa John’s replaces North America president in administration shake-up” was initially created and printed by Verdict Meals Service, a GlobalData owned model.

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