Papa John’s Announces Plans for New Global Headquarters in Atlanta Area to Accelerate Long-Term Growth and Innovation
September 17 2020 - 7:00AM
Business Wire
Papa John’s International, Inc. (NASDAQ: PZZA) today announced
plans to open a new global headquarters in the Metro Atlanta, GA
region, where menu innovation; marketing; customer experience; HR;
diversity, equity and inclusion; communications; and development
functions will be located. IT, supply chain, and legal teams will
remain in the Louisville, KY headquarters. Papa John’s also
maintains a headquarters office outside of London, UK, where its
international operations are managed.
Papa John’s new headquarters in Metro Atlanta is a key element
of a broader reorganization of corporate functions, reflecting the
company’s ongoing transformation into a brand and culture that can
effectively and efficiently deliver on the company’s purpose,
values and strategic business priorities. The opening of the new
Atlanta location and related organizational changes are expected to
be completed by the summer of 2021 and do not affect Papa John’s
company-owned or franchised stores or its nationwide network of
quality control centers (QCCs).
“Shortly after setting a new strategic direction for Papa John’s
late last year, we began to assess the optimal corporate
organization to support our restaurants and our brand’s long-term
growth,” said Rob Lynch, President & CEO. “With strong momentum
and our potential expanding every day, we are investing in
capabilities for future innovation and global growth, improving
efficiencies, and better aligning our organization around the
strategies that are driving our near- and long-term success.”
Mr. Lynch continued, “We’re thrilled to open a headquarters
office in such an energetic and diverse region. Metro Atlanta’s
deep talent pool and its world-class airport connecting us to the
domestic and international markets that are key to our brand’s
future will accelerate our long-term growth. Atlanta is also our
largest corporate-owned restaurant market and the location of our
newest and most sophisticated QCC. The Louisville headquarters –
Papa John’s home for 36 years – remains essential to the company’s
success and we look forward to continuing to be a great corporate
partner in the Commonwealth of Kentucky.”
The company is currently in discussions with a number of
potential office locations throughout the Metro Atlanta area and
expects to complete the selection process by the end of 2020.
Papa John’s Chief People and Diversity Officer Marvin Boakye
added, “These changes to our corporate structure and team mark
another milestone in Papa John’s ongoing transformation into a more
innovative brand with a culture that is focused on diversity,
inclusion and winning.”
About Papa John’s
Papa John’s International, Inc. (NASDAQ: PZZA) opened its doors
in 1984 with one goal in mind: BETTER INGREDIENTS. BETTER PIZZA.
Papa John’s believes that using high quality ingredients leads to
superior quality pizzas. Its original dough is made of only six
ingredients and is fresh, never frozen. Papa John’s tops its pizzas
with real cheese made from mozzarella, pizza sauce made with
vine-ripened tomatoes that go from vine to can in the same day and
meat free of fillers. It was the first national pizza delivery
chain to announce the removal of artificial flavors and synthetic
colors from its entire food menu. Papa John’s is headquartered in
Louisville, KY. and is the world’s third largest pizza delivery
company with more than 5,300 restaurants in 48 countries and
territories as of June 28, 2020. For more information about the
Company or to order pizza online, visit www.PapaJohns.com or
download the Papa John’s mobile app for iOS or Android.
Forward-Looking
Statements
Certain matters discussed in this press release and other
company communications that are not statements of historical fact
constitute forward-looking statements within the meaning of the
federal securities laws. Generally, the use of words such as
“expect,” “intend,” “estimate,” “believe,” “anticipate,” “will,”
“forecast,” “plan,” “project,” or similar words identify
forward-looking statements that we intend to be included within the
safe harbor protections provided by the federal securities laws.
Such forward-looking statements include statements regarding: our
plans to open the new Atlanta, GA location and the related
organizational, employment and real estate changes that are
expected to be made in connection therewith; the potential business
impact of such changes; opportunities for future innovation and
growth; our plans to improve efficiencies; our ongoing
transformation; our strategy and plans to improve our brand and
culture; our plans to minimize disruption during the transition;
and other financial and operational measures. Such statements are
not guarantees of future performance and involve certain risks,
uncertainties and assumptions, which are difficult to predict and
many of which are beyond our control. Our forward-looking
statements are based on our assumptions which are based on
currently available information, including assumptions about our
ability to manage difficulties associated with or related to the
COVID-19 pandemic, including risks related to: the impact of
governmental restrictions on freedom of movement and business
operations including quarantines, social distancing requirements
and mandatory business closures; the virus’s impact on the
availability of our workforce; the potential disruption of our
supply chain; changes in consumer demand or behavior; the overall
contraction in global economic activity, including rising
unemployment; our liquidity position; our ability to navigate
changing governmental programs and regulations relating to the
pandemic; and the increased risk of phishing and other
cyber-attacks. Therefore, actual outcomes and results may differ
materially from those matters expressed or implied in such
forward-looking statements. Other risks, uncertainties and
assumptions that are involved in our forward-looking statements are
discussed in detail in “Part I. Item 1A. – Risk Factors” in our
Annual Report on Form 10-K for the fiscal year ended December 29,
2019, and in “Part II. Item 1A. – Risk Factors” in our Quarterly
Report on Form 10-Q for the first quarter ended March 29, 2020. We
undertake no obligation to update publicly any forward-looking
statements, whether as a result of future events, new information
or otherwise, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20200917005460/en/
Media:
Madeline Chadwick, 502-261-4189 SVP, Communications
Madeline_Chadwick@papajohns.com
Jeffrey Mathews / Dan Gagnier, 646-569-5711 Gagnier
Communications PapaJohns@gagnierfc.com
Investors:
Steve Coke, 502-261-7272 Interim Principal Financial and
Accounting Officer Vice President, Investor Relations and Strategy
Steve_Coke@papajohns.com
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