Papa Johns chief financial officer Ann Gugino is stepping down, effective immediately, the pizza company confirmed in an 8K filing filed Tuesday. Gugino will remain at the company in a transitionary role until March 31, while the Louisville-based company finds a replacement for the chief financial officer position.
During this time of transition, Papa Johns announced that Chris Collins, who currently serves as vice president of treasury and tax, and has been with the company since April 2021, will serve as an interim chief financial officer. Prior to joining Papa Johns, Collins served as vice president of treasury at Signet Jewelers from 2019-2020 and prior to that, held several financial leadership roles with The Goodyear Tire & Rubber Company and American Axle & Manufacturing.
The news of Gugino’s departure comes on the heels of a couple of challenging quarters for the pizza brand, which has been coming down from a pandemic-era high of the pizza delivery surge. Of course, Papa Johns isn’t the only pizza brand to struggle with traffic in late 2022 and 2023, but the company had previously been poised for significant growth, following the bumpy road during John Schnatter’s controversial departure and severance from the company.
Papa Johns has released no further information on why Gugino departed the company, where she will be going next or who might be the next CFO.
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