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Papa John's gains a new chairman

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Papa John's has a new chairman after receiving a $200 million investment from Starboard Value.

The CEO of investment firm Starboard Value, Jeffrey Smith, is the new Papa John's chairman, according to Fox Business.

Starboard also obtained a board seat for Anthony Sanfilippo, former chairman and CEO of casino operator Pinnacle Entertainment. Steve Ritchie, the CEO of Papa John's, also joined the board.

Read more from Fox Business.

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