Jack in the Box Adds Starbucks CFO to Board as Board Refreshes

Jack in the Box Inc. announced the appointment of Rachel Ruggeri to its board as an independent director, marking a key step in its ongoing board refreshment strategy. Ruggeri, who previously served as Executive Vice President and Chief Financial Officer at Starbucks Corporation, brings over 30 years of experience in the quick-service restaurant and consumer goods sectors, including senior finance roles at Starbucks and The Krusteaz Company. She currently chairs the Audit Committee at Stryker Corporation and serves on the board of Open Farm. Ruggeri’s addition follows the retirement of Michael Murphy, who will not stand for reelection at the 2027 Annual Meeting of Stockholders. The company operates approximately 2,115 restaurants across 25 U.S. states, Mexico, and Guam, and its board refreshment efforts have included the expected appointment of President Taylor Montgomery as CEO within the next 12 months, who will also join the board upon assuming his new role. Additionally, Jack in the Box and GreenWood Investors, LLC extended their existing cooperation agreement, including standstill, voting, and other provisions, to be filed with the Securities and Exchange Commission under Form 8-K.