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Jack in the Box 'separating' from Andrew Martin, its CIO

·1 min read
Jack in the Box 'separating' from Andrew Martin, its CIO
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Jack in the Box Inc. disclosed Wednesday that it will be "separating" from Andrew Martin, who has been the fastfood chain's chief information officer since November 2016, effective May 7. The company did not provide details surrounding the separation. The company said Martin will receive severance benefits as noted in its severance plan for executive officers, as well as $16,325, which is the prorated cash equivalent of his unvested restricted stock units that would have vested in November and December. The stock, which is still inactive in premarket trading, has rallied 15.8% over the past three months while the S&P 500 has gained 9.1%.