Papa John's Stock Sinks After CEO Leaves for Shake Shack

Key TakeawaysShake Shack has replaced its chief executive with the CEO of Papa John's International.Rob Lynch will leave Papa John's and take over for Randy Garutti, who has led Shake Shack for a dozen years.Papa John's named CFO Ravi Thanawala as interim CEO as it searches for a replacement.Papa John's shares fell more than 5% Thursday afternoon following the announcement. Shares of Papa John’s International (PZZA) dipped more than 5% in intraday trading Thursday after Shake Shack Inc. (SHAK) announced the ...