The company plans to use approximately half of the proceeds of the investment to re-pay debt, with the remaining proceeds providing financial flexibility.
February 4, 2019
Papa John’s International, Inc., Louisville, Ky., announced plans to receive a $200 million strategic investment from Starboard Value LP, New York.
Ed Carolan was named president, U.S. retail, responsible for Campbell Soup Co.'s $3.5 billion U.S. soup, sauces and beverages business, while Tony Thompson was named president and COO of Papa John's.