Papa John's Appoints Chris Collins as Interim CFO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 30 2026
0mins
Papa John's International announced that Chris Collins, Senior Vice President of Corporate Finance and Principal Accounting Officer, has been appointed to the additional position of interim Chief Financial Officer, effective immediately. Collins succeeds Ravi Thanawala, who is leaving Papa Johns to assume a chief financial officer position at another public company. Thanawala will be available to Papa Johns in an advisory capacity until July 31, 2026, to support a smooth transition. Papa Johns has commenced a search for a permanent Chief Financial Officer. "Chris is a proven finance leader with deep knowledge of the Company and the opportunities we are pursuing to maximize shareholder value and position Papa Johns for its greatest success as the best pizza makers in the business," said Todd Penegor, President and Chief Executive Officer of Papa Johns. "I am confident that Chris's support in this interim role along with our talented team will enable continued execution on our transformation priorities." In connection with Thanawala's departure, Marc Richard, Senior Vice President of North America Operations, has assumed responsibility for all North America operations, including those previously overseen by Thanawala in his role as President.
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Analyst Views on PZZA
Wall Street analysts forecast PZZA stock price to rise
9 Analyst Rating
3 Buy
6 Hold
0 Sell
Moderate Buy
Current: 34.640
Low
42.00
Averages
49.14
High
60.00
Current: 34.640
Low
42.00
Averages
49.14
High
60.00
About PZZA
Papa John’s International, Inc. operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa Johns. The Company operates through four segments. Its Domestic Company-owned restaurant segment consists of the operations of all domestic Company-owned restaurants; the North America commissaries segment comprises approximately 11 full-service regional dough production and distribution quality control centers in the United States; the North America franchising segment consists of franchise sales and support activities, and International operations segment principally consists of distribution sales to franchised Papa John’s restaurants located in the United Kingdom and its franchise sales and support activities. The Company operates approximately 6,030 Papa John’s restaurants in operation, consisting of 552 Company-owned and 5,478 franchised restaurants operating in 51 countries and territories.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Domino's Pizza Expands Market Share Amid Challenges
- Market Share Growth: Domino's Pizza is projected to capture 23.3% of the U.S. quick-service pizza market by 2025, up from 22.5% last year, demonstrating strong performance in delivery and takeout with shares of 32.9% and 19.6%, respectively.
- Sales Growth Challenges: Despite a 0.9% increase in U.S. same-store sales in Q1, international comps fell by 0.4%, indicating the impact of macroeconomic pressures on consumer spending, with competitor Papa John's also facing sales declines.
- Expansion Strategy: While waiting for economic conditions to improve, Domino's is actively pursuing expansion, adding 964 locations over the past year to exceed 22,300 total, with 790 being international restaurants, showcasing its capital-efficient franchising model.
- Investor Outlook: Despite sluggish sales, Domino's strong market position and expansion strategy suggest that when consumer spending rebounds, the company is well-positioned for a sales recovery, offering significant upside for patient investors.
See More
Papa John's Stock Drops 4.5% Following CFO Departure
- Executive Departure Impact: Papa John's CFO Ravi Thanawala's immediate resignation led to a 4.5% drop in stock price during the afternoon session, with shares trading at $35.08, reflecting a 4.6% decline from the previous close, indicating market sensitivity to executive changes.
- Interim Leadership Appointment: The company appointed Chris Collins, Senior Vice President of Corporate Finance, as interim CFO; although Thanawala's departure was not due to operational disagreements, this change may affect investor confidence in the company's future financial stability.
- Market Volatility Insight: Over the past year, Papa John's stock has experienced over 25 moves greater than 5%, and today's decline is seen as significant by the market, yet it does not fundamentally alter perceptions of the business, highlighting ongoing investor scrutiny of operational performance.
- Rising Cost Pressures: The USDA forecasts that production costs for major crops will continue to rise, potentially reaching record highs, which poses challenges for pizza chains reliant on agricultural products like wheat, tomatoes, and dairy, suggesting increased food costs that could pressure profit margins.
See More
Papa John's CFO Departure Triggers Leadership Transition
- CFO Departure: Papa John's International announced the departure of CFO Ravi Thanawala, who is transitioning to become CFO of another public company, indicating potential strategic implications due to executive turnover.
- Interim CFO Appointment: The company appointed Chris Collins, Senior Vice President of Corporate Finance, as interim CFO; Collins, who joined Papa John's in 2021, previously served as interim CFO from March to July 2023, ensuring continuity in financial management.
- Leadership Transition Support: Thanawala will remain in an advisory role until July 31 to assist in the transition for the new CFO, mitigating uncertainties associated with leadership changes.
- Operational Responsibility Shift: Marc Richard, Senior Vice President of North America Operations, has taken over all North America operations previously overseen by Thanawala, ensuring operational stability during this leadership transition.
See More
Papa John's Appoints New Interim CFO
- Executive Change: Papa John's has appointed Chris Collins as interim Chief Financial Officer effective immediately, a move aimed at ensuring continuity in financial management following Ravi Thanawala's departure, who will serve in an advisory role until July 31, 2026, to support the leadership transition.
- Previous Experience: Collins previously served as the company's interim CFO in 2023 and has been Senior Vice President of Corporate Finance and Principal Accounting Officer since July 2025, and his extensive financial management experience will help maintain stability during the company's transformation.
- Market Reaction: Despite facing challenges in its turnaround efforts, Papa John's maintains a 'Buy' rating, with reports of potential financing for a takeover sparking investor interest, indicating market confidence in its future development.
- Strategic Context: Following Yum! Brands' strategic divestiture of Pizza Hut, the leadership change at Papa John's may impact its market positioning and competitive strategy, especially in the rapidly evolving fast-food industry.
See More
Papa John's Appoints New Interim CFO
- Executive Transition: Papa John's has appointed Chris Collins as interim Chief Financial Officer, succeeding Ravi Thanawala, who will provide advisory support until July 31, 2026, highlighting the company's commitment to leadership stability during this transition.
- Extensive Financial Background: With over 30 years of finance management experience, Collins has held several key positions since joining Papa John's in 2021, including interim CFO and Senior Vice President of Corporate Finance, indicating the company's ongoing investment in financial leadership.
- Operational Efficiency Focus: Collins expressed his intention to work closely with the executive team to drive operational efficiencies and strengthen the brand, aiming to enhance the company's performance in the competitive pizza market and further increase shareholder value.
- Earnings Release Schedule: Papa John's is set to release its second-quarter financial results on August 6, 2026, followed by a conference call featuring executives, demonstrating the company's emphasis on transparency and investor communication.
See More
Market Underestimates Domino's Pizza Potential
- Digital Transformation: Domino's Pizza enhances customer experience and order efficiency by strengthening its digital ordering system in an inflationary environment, which is expected to drive sales growth further.
- Pricing Strategy: The company adopts a low-price strategy to attract more consumers, and despite rising costs, this approach helps maintain market share and strengthen competitiveness.
- Smart Promotions: By implementing smart promotional activities, Domino's can accurately target customer segments, thereby increasing conversion rates and optimizing marketing expenditures.
- Profitability Assessment: Although the current P/E ratio is around 16x, analysts believe the market's expectations for its future profitability remain conservative, potentially underestimating its long-term growth potential.
See More
Domino's Pizza Expands Market Share Amid Challenges
- Market Share Growth: Domino's Pizza is projected to capture 23.3% of the U.S. quick-service pizza market by 2025, up from 22.5% last year, demonstrating strong performance in delivery and takeout with shares of 32.9% and 19.6%, respectively.
- Sales Growth Challenges: Despite a 0.9% increase in U.S. same-store sales in Q1, international comps fell by 0.4%, indicating the impact of macroeconomic pressures on consumer spending, with competitor Papa John's also facing sales declines.
- Expansion Strategy: While waiting for economic conditions to improve, Domino's is actively pursuing expansion, adding 964 locations over the past year to exceed 22,300 total, with 790 being international restaurants, showcasing its capital-efficient franchising model.
- Investor Outlook: Despite sluggish sales, Domino's strong market position and expansion strategy suggest that when consumer spending rebounds, the company is well-positioned for a sales recovery, offering significant upside for patient investors.
See More
Papa John's Stock Drops 4.5% Following CFO Departure
- Executive Departure Impact: Papa John's CFO Ravi Thanawala's immediate resignation led to a 4.5% drop in stock price during the afternoon session, with shares trading at $35.08, reflecting a 4.6% decline from the previous close, indicating market sensitivity to executive changes.
- Interim Leadership Appointment: The company appointed Chris Collins, Senior Vice President of Corporate Finance, as interim CFO; although Thanawala's departure was not due to operational disagreements, this change may affect investor confidence in the company's future financial stability.
- Market Volatility Insight: Over the past year, Papa John's stock has experienced over 25 moves greater than 5%, and today's decline is seen as significant by the market, yet it does not fundamentally alter perceptions of the business, highlighting ongoing investor scrutiny of operational performance.
- Rising Cost Pressures: The USDA forecasts that production costs for major crops will continue to rise, potentially reaching record highs, which poses challenges for pizza chains reliant on agricultural products like wheat, tomatoes, and dairy, suggesting increased food costs that could pressure profit margins.
See More
Papa John's CFO Departure Triggers Leadership Transition
- CFO Departure: Papa John's International announced the departure of CFO Ravi Thanawala, who is transitioning to become CFO of another public company, indicating potential strategic implications due to executive turnover.
- Interim CFO Appointment: The company appointed Chris Collins, Senior Vice President of Corporate Finance, as interim CFO; Collins, who joined Papa John's in 2021, previously served as interim CFO from March to July 2023, ensuring continuity in financial management.
- Leadership Transition Support: Thanawala will remain in an advisory role until July 31 to assist in the transition for the new CFO, mitigating uncertainties associated with leadership changes.
- Operational Responsibility Shift: Marc Richard, Senior Vice President of North America Operations, has taken over all North America operations previously overseen by Thanawala, ensuring operational stability during this leadership transition.
See More
Papa John's Appoints New Interim CFO
- Executive Change: Papa John's has appointed Chris Collins as interim Chief Financial Officer effective immediately, a move aimed at ensuring continuity in financial management following Ravi Thanawala's departure, who will serve in an advisory role until July 31, 2026, to support the leadership transition.
- Previous Experience: Collins previously served as the company's interim CFO in 2023 and has been Senior Vice President of Corporate Finance and Principal Accounting Officer since July 2025, and his extensive financial management experience will help maintain stability during the company's transformation.
- Market Reaction: Despite facing challenges in its turnaround efforts, Papa John's maintains a 'Buy' rating, with reports of potential financing for a takeover sparking investor interest, indicating market confidence in its future development.
- Strategic Context: Following Yum! Brands' strategic divestiture of Pizza Hut, the leadership change at Papa John's may impact its market positioning and competitive strategy, especially in the rapidly evolving fast-food industry.
See More
Papa John's Appoints New Interim CFO
- Executive Transition: Papa John's has appointed Chris Collins as interim Chief Financial Officer, succeeding Ravi Thanawala, who will provide advisory support until July 31, 2026, highlighting the company's commitment to leadership stability during this transition.
- Extensive Financial Background: With over 30 years of finance management experience, Collins has held several key positions since joining Papa John's in 2021, including interim CFO and Senior Vice President of Corporate Finance, indicating the company's ongoing investment in financial leadership.
- Operational Efficiency Focus: Collins expressed his intention to work closely with the executive team to drive operational efficiencies and strengthen the brand, aiming to enhance the company's performance in the competitive pizza market and further increase shareholder value.
- Earnings Release Schedule: Papa John's is set to release its second-quarter financial results on August 6, 2026, followed by a conference call featuring executives, demonstrating the company's emphasis on transparency and investor communication.
See More
Market Underestimates Domino's Pizza Potential
- Digital Transformation: Domino's Pizza enhances customer experience and order efficiency by strengthening its digital ordering system in an inflationary environment, which is expected to drive sales growth further.
- Pricing Strategy: The company adopts a low-price strategy to attract more consumers, and despite rising costs, this approach helps maintain market share and strengthen competitiveness.
- Smart Promotions: By implementing smart promotional activities, Domino's can accurately target customer segments, thereby increasing conversion rates and optimizing marketing expenditures.
- Profitability Assessment: Although the current P/E ratio is around 16x, analysts believe the market's expectations for its future profitability remain conservative, potentially underestimating its long-term growth potential.
See More
