Tim Mullany, Jack in the Box’s executive vice president and chief financial officer since January 2021, is leaving the company due to personal reasons. His last day is Feb. 2.
Mullany most recently led the Del Taco acquisition, which was completed earlier this year.
“I appreciate Tim’s partnership as he guided us through a period of unprecedented inflation while simultaneously integrating our two brands this year,” CEO Darin Harris said in a statement. “We wish him the best of luck and we are certain the finance team will be in good hands until his successor is named.”
Dawn Hooper, vice president, controller and financial reporting, will serve as principal financial officer while the company searches for Mullany’s replacement. Hooper has been with Jack in the Box for 22 years, holding various leadership positions within the finance department. She will report to Harris.
Jack in the Box includes more than 2,200 restaurants across 21 states, while Del Taco includes approximately 600 restaurants across 15 states. In Q4, ended Oct. 2, Jack in the Box reported net earnings of $45.9 million, up from $39 million year-over-year. Revenues were up to $402.8 million from $278.5 million in the prior-year period.
Same-store sales for Jack in the Box increased 4% in the fourth quarter and 0.9% for the full fiscal year. Del Taco same-store sales were up 5.2% in fourth quarter and up 3.9% for the full fiscal year.
Contact Alicia Kelso at [email protected]