Lavelle most recently served on the board of Sonic Corp for nearly seven years, and prior to that served as executive vice president and chief financial officer of Dunkin Brands Group Inc (NASDAQ:DNKN).
Investors saw her as an ingredient of success, boosting the stock as much as 2.1% in intraday trading.
Lavelle joins the board as an independent director, and her presence brings board membership to eight.
“We are pleased to welcome Kate to our board as she brings immense industry knowledge, deep finance and accounting expertise, and substantial public-company board experience,” Chairman and CEO Charlie Morrison said. “As we continue on our path to becoming a top 10 global restaurant brand, we’re fortunate to add an experienced restaurant executive and director to our team.”
The stock found a recipe for growth, rising 1.2% to $66.24 in Friday's late-afternoon trading.
Contact Andrew Kessel at [email protected]
Follow him on Twitter @andrew_kessel