The importance of management
In addition to analyzing financial statements, we should stay informed about the management of any company we invest in, as a company’s management comprises the ultimate strategic decision makers. In the long run, the share price and the bottom line of a company are greatly impacted by the management it possesses. We should also remember that in a public company, the management’s main responsibility is to create value for the shareholders
Leonard A. Comma
Comma has been serving as the chairman and CEO of Jack in the Box (JACK) since January 2014. Before becoming CEO, he served as president and COO (chief operating officer) from May 2012 and as a vice president and COO from February 2010. Since joining Jack in the Box in 2001, he has served in various capacities, including regional vice president, divisional vice president, director, and regional manager. These engagements cover wide areas, such as menu innovation, consumer insights and analytics, marketing communications, and internal brand communications. He holds an MBA (master of business administration) degree from Nova Southeastern University and a bachelor’s degree from Drexel University.
Jack in the Box has continued to grow and achieve good numbers under the leadership of Comma. For his performance in corporate governance, the Corporate Directors Forum awarded him the Director of the Year award in July 2015.
Frances L. Allen
Allen joined Jack in the Box in 2014 as president of the Jack in the Box brand and continues to serve as such. Before joining Jack in the Box, she worked with Denny’s from 2010 to 2014 as chief brand officer and chief marketing officer. Prior to this, she served as chief marketing officer of Dunkin’ Brands (DNKN) and vice president of marketing at Sony Ericsson Mobile Communications. She is a graduate of the University of Southampton and Harvard Business School.
Allen has more than 30 years of experience in the marketing and branding field. Using food service and retail experience from her previous encounters, she led the modernization effort of the brand in 2012 under the leadership of Linda Lang, chairman and CEO at the time.
Timothy P. Casey
In March 2013, Casey joined Jack in the Box as president of Qdoba Mexican Eats, which was then Qdoba Mexican Grill. He continuous to serve as president. He has over 30 years of experience in the food, beverage, and convenience store industries. From 2010 to 2013, he served as the president and CEO of MFOC Holdco, a parent company of the TCBY and Mrs. Fields brands. Prior to this, he served in leadership positions in the marketing and operations departments of International Coffee & Tea and Starbucks (SBUX). He holds an MBA degree from Duke University and a bachelor’s degree from the University of Central Florida.
Since joining the company in March 2013, Casey has focused on drawing the company out from Chipotle Mexican Grill’s (CMG) shadow. To achieve this, Casey led a series of changes focused on restaurant design, menu, branding, and employee culture. That effort paid off, as Qdoba has achieved good numbers in the last two years.
You can gain exposure to the restaurant industry by investing in the Consumer Discretionary Select Sector SPDR ETF (XLY), which has invested 4.8% of its portfolio in McDonald’s (MCD), 3.8% in Starbucks (SBUX), and 1.4% in Yum! Brands (YUM).