Jack in the Box CFO Brian Scott Steps Down

Jack in the Box has announced the departure of its CFO and executive vice president, Brian Scott.

The fast-food chain has confirmed that Scott "accepted a new position outside of the restaurant industry." He will remain in the company until Nov. 20.

With Scott's retirement, Dawn Hooper, a 24-year Jack in the Box veteran, will take over as principal financial officer starting on Nov. 1 and interim chief financial officer once Scott departs. Until a permanent replacement is named, she is anticipated to stay in the position.

“I’d like to thank Brian for his contributions to Jack in the Box, and for being a valuable part of our team during his time with the company,” said Darin Harris, chief executive officer, in a statement accompanying the announcement. “I am committed to finding an excellent financial leader to be a part of the transformation we have been pursuing, and the ambition we have for our two brands.”

Scott also made a statement: “I want to thank Darin and the entire leadership team for the opportunity to work side by side with such a passionate and driven organization. I am confident that both the Jack in the Box and Del Taco brands will continue to make strides in achieving their strategic goals and delivering long-term shareholder value.”

Jack in the Box Expansion Plans

Despite its corporate shake-up, Jack in the Box recently announced it would be expanding into Chicago, planning to open eight Chicago outlets by 2025 following a 40-year absence from the city. This information implies that the fast-food chain is starting to grow once more after going through a period of contraction.

The fast-food chain made this announcement in August right before sharing its third-quarter earnings report. For the last quarter, Jack in the Box reported revenue of $369.2 million, a 7% decrease year-over-year. According to the chain, this lower revenue was "primarily the result of the Del Taco refranchising transactions." Operating earnings per share was $1.65 in Q3 fiscal 2024, compared to $1.45 a year before.