Papa John’s International, Inc. announced that Lead Independent Director Olivia F. Kirtley was appointed Chair of the company’s Board of Directors by a unanimous vote of the Board. In addition, the company stated that the Corporate Governance and Nominating Committee of the Board has been conducting a search for additional independent directors and intends to engage with Papa John’s shareholders as part of this process.
Kirtley says, “The independent directors of the Papa John’s Board are committed to serving the best interests of the company, our shareholders and other stakeholders. The establishment of the Board’s independent Special Committee and the ongoing cultural audit and investigation are among numerous steps underway to ensure that equity, inclusion, diversity and respect are upheld throughout the organization.”
“Many stakeholders, including team members, franchisees and shareholders, have expressed their support for the actions we are taking. We appreciate this support and value the feedback we have received. The independent members of the Board and leadership will continue to engage with shareholders and other stakeholders to hear their perspectives and ideas, including on Board composition, so that these views can be considered in our work to move forward.”
Kirtley, a certified public accountant, is a business consultant on strategic and corporate governance issues. Kirtley has served as the Board’s Lead Independent Director since 2017. She is a former chief financial officer and former senior manager at a predecessor to the accounting firm Ernst & Young LLP. She is the immediate past President and Board Chairman of the International Federation of Accountants. She has also served as Chairman of the American Institute of Certified Public Accountants and Chairman of the AICPA Board of Examiners.
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