Steve Ritchie, the CEO of Papa John’s, was happy to announce that Shaquille O’Neal is now on the board of directors of Papa John’s, and is the new brand ambassador for the pizza chain. Shaquille O’Neal is expected to start appearing in Papa John’s promo material in late 2019.
The partnership sprung from a meeting between the two entrepreneurs. Shaquille O’Neal, who is no stranger to the restaurant business, initially reproached Ritchie because he was interested in investing in a Papa John’s franchise. The deal that they would eventually reach came out to a whooping 8.25 million dollar contract. The deal will be paid as a mix of stock and cash. In addition to his two roles with Papa John’s, O’Neal is also investing in nine stores for his own franchise. Steve Ritchie is confident that having him on the board of directors of Papa John’s will be beneficial to the company.
As a self professed fan of the pizza, Shaquille O’Neal is thrilled to have the opportunity to help Papa John’s move into the future. Shaquille O’Neal is the first black member of the board of directors. As the company looks to build their company culture and diversify Steve Richie thought that he would a perfect fit for Papa Johns, praising both his business acumen and his ability to connect with consumers.
Not one to be confined to the basketball court Shaquille O’Neal has a long history of own restaurants, investment, and business management. He has also been- and is currently- the face of several other famous brands, and frequently appears in commercials.
Steve Ritchie has taken to his position as CEO at Papa John’s and committed to bringing Papa John’s forward from the outside in. Shaquille O’Neal shares this vision for Papa John’s future with Steve Ritchie and is thrilled to be part Papa John’s Pizza.
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