Qdoba Chief Executive to Retire

   By Kristin Jones 
 

Jack in the Box Inc. (JACK) said that Gary J. Beisler, the president and chief executive of its Qdoba Mexican Grill, plans to retire.

Mr. Beisler, who became Qdoba's CEO in 2000, will remain in the role while the company searches for a successor.

"We commend Gary for his vision in helping define the unique attributes that distinguish Qdoba from its competitors and for leveraging those qualities in expanding the brand," said Jack in the Box Chief Executive Linda A. Lang. "We wish him all the best as he prepares for the next chapter in his life and look forward to his continued leadership as we search for an experienced senior executive to help execute Qdoba's growth strategy."

Qdoba, which sells Mexican fast food like burritos and quesadillas, was founded in 1995 and acquired by Jack in the Box in 2003. Since its acquisition, it has grown from 85 locations to more than 600 restaurants.

The company also said that Jeffrey C. Wood is joining Qdoba as its chief development officer.

Shares closed Tuesday at $27.04 and were mostly unchanged after hours. The stock is up 29% so far this year.

Write to Kristin Jones at [e-mail]

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