Steve Ritchie is the newest chief executive officer for Papa John’s Pizza, and his role began in January 2018. The stakeholders of the company wanted a new brand of leadership, and they have chosen Steve Ritchie because they have seen the qualities of a good leader in him. The stock prices for Papa John’s Pizza experienced a massive drop, and the stakeholders were anxious about where the company is going. To prevent further problems, the stakeholders decided to change the leadership, and they affirm that they made the right decision as the new CEO of the company is now doing a lot of things that would help the company recover.
Papa John’s Pizza is the third largest pizza chain in the world, and the brand owns 5,000 locations around the world. It is a challenge to manage the whole brand, because of the high number of branches under their supervision. However, the new leader of the company stated that maintaining the business would be easier if all of the branches would cooperate with the headquarters. The company employs 120,000 people around the world, and Steve Ritchie stated that these employees should be the top priority of the company. He started his career with Papa John’s Pizza (@PapaJohns) as a customer service representative. He began working when he was only 21 years old, and slowly, he climbed the promotion ladder as he showcased his skills and capabilities to his higher-ups.
Steve Ritchie Papa John’s was only receiving $6 per hour when he was still working in the lowest tier, but his salary increased as his role expanded. After a decade working for the company, he was able to open his Papa John’s Pizza franchise and managed the shop effectively. He was promoted as the company’s chief operating officer, and his effective management skills at his franchise are one of the reasons why the management appointed him to such a position. He will be promoted once again as the company’s president a year later. Papa John’s Pizza is known for training their employees to become leaders. According to their official data, 98% of the managers working for the company started as crews and then worked hard to get promoted.