By Katherine Hamilton
Jack in the Box has added a former Taco Bell chief executive and a part owner of the Los Angeles Dodgers to its board as part of a new cooperation agreement with an investment firm.
The fast-food restaurant chain is expanding its board's size to 10 members by adding former Taco Bell CEO Mark King and investor Alan Smolinisky, who became a part-owner of the Dodgers in 2019.
The additions are part of an agreement with GreenWood Investors, a New York investment firm that owns Jack in the Box stock.
As part of the agreement, the board will also form a capital allocation committee, to be chaired by Smolinisky. Smolinisky is a principal at Conquest Housing, a private investment company with a portfolio of real estate, publicly traded securities, sports, media and other ventures.
King was Taco Bell's chief executive from 2019 to 2023. He also spent several years in leadership roles at Adidas and most recently served as chief executive of Xponential Fitness.
GreenWood Partner Chris Torino said he wants to see Jack in the Box reduce debt, drive same-store sales and improve margins.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
November 03, 2025 17:08 ET (22:08 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.