According to an article from Money.CNN.com, “It’s never easy replacing a company’s founder, but that was exactly the task facing Nigel Travis in April 2005 when he became CEO of Papa John’s, the nation’s third-largest pizza delivery chain with over 3,000 restaurants. He took the reins from longtime chief exec John Schnatter, who started the company in 1984 out of a renovated broom closet in his father’s tavern.” <p>
The report stated: “An Englishman and the former president and COO of video rental chain Blockbuster, Travis has taken Papa John’s – a perennial member of Fortune’s Fastest Growing Companies roster – over the $1 billion mark in revenue, boasting same-store sales results that over the past two years have trumped rivals Pizza Hut (part of Yum! Brands (Charts)) and Domino’s.”
