Jamba CEO James White To Retire - Quick Facts

(RTTNews) - Jamba Inc. (JMBA) announced that James White will be retiring as the Company's President, Chief Executive Officer and Chairman of its Board of Directors.

The Board has formed a search committee and hired The Elliott Group, an internationally recognized executive search firm, to identify a successor CEO, and Mr. White will remain in his current position to help oversee Jamba's operations until a successor has been identified.

Jamba also provided an update on the Company's estimated same-store sales for the third quarter. Jamba expects third quarter 2015 same store system-wide sales growth to be in the range of 4-5% and company owned same store sales growth to be in the range of 5-6%.