Church's Chicken CFO Resigns, Joins Church's Franchisee as President

1 min read
Opinions expressed by Entrepreneur contributors are their own.

Atlanta--Extending both an executive exodus from AFC Enterprises and a several month long shakeup at its 1,500-unit Church's Chicken division, the chain's veteran chief financial officer, Carl Jakaitis, has resigned his post to become president of Church's largest franchisee, Royal Capital.

Jakaitis' unexpected departure to take the helm at 117-unit Royal follows recent exits from Church's by its chief operating officer, Barbara Timm-Brock, and chief marketing officers, Ann Stone. Some observers have linked the executive turnover at Church's to several quarters of disappointing sales. But sources close to both companies say the decampments also could reflect AFC's possible preparedness to sell the chicken brand to Royal Capital or other potential suitors. Royal previously has acquired blocks of Church's units from AFC in several states, including 40 struggling branches in California seven years ago and others in Texas in 2001. AFC itself currently owns about 280 branches of the chain.

Royal's chairman and chief executive, David Davoudpour, would not comment on speculation that his company intends to take over the entire Church's system, the industry's number-two quick-service chicken chain. -Nation's Restaurant News

More from Entrepreneur

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

It Started As a Joke and Turned Into a Startup That Raised $1 Million in Funding