CFO Charles Duddles to Retire from Jack in the Box Inc.

Business Editors

SAN DIEGO--(BUSINESS WIRE)--March 27, 2001

Jack in the Box Inc. (NYSE: JBX) today announced that Charles W. Duddles will retire from the company as executive vice president and chief financial officer. While a search is underway for a successor, Duddles will continue to actively serve as CFO throughout the transition period.

Duddles, 61, has served as CFO since 1985; in 1987, he was promoted to executive vice president. He joined the company in 1979 as controller.

"I have thoroughly enjoyed my experience at Jack in the Box(R)," said Duddles. "This is a wonderful organization, and I'll be leaving behind a very experienced and talented senior management team, including several individuals with whom I have worked for more than 20 years. But I want to spend more time with my family and other personal interests."

Founded in 1951, Jack in the Box Inc. is the nation's first major drive-thru hamburger chain. With systemwide sales of nearly $2 billion, the San Diego-based company operates or franchises more than 1,670 quick-service restaurants in 16 states and has more than 40,000 employees.