San Antonio activist investor Sardar Biglari may not have won his latest proxy fight — but he got his way.
Jack in the Box Inc. shareholders rebuffed Biglari’s bid to oust its chairman, David Goebel, reelecting him and nine other board members, according to a preliminary vote count. Nevertheless, the struggling San Diego-based burger chain announced Monday that its board has named a new chairman.
Former Taco Bell Corp. CEO Mark King, an independent director on the Jack in the Box board since November, has been appointed to succeed Goebel as chairman. Goebel will not stand for reelection at next year’s annual meeting, the company said…