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Shake Shack Names Rob Lynch as Chief Executive Officer
Shake Shack Inc. today announced that its Board of Directors has appointed Rob Lynch to the role of Chief Executive Officer and board member, effective May 20, 2024. Mr. Lynch currently serves as President and CEO of Papa John’s International, Inc. and under his leadership, the Company has achieved record global system-wide sales. Mr. Lynch will succeed Randy Garutti who will continue as the Company’s CEO through May 20, 2024, which will also be his final day serving on the Board, before transitioning to an advisor...
CEO Randy Garutti to Retire from Shake Shack in 2024
Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK) today announced that Randy Garutti, the Company’s Chief Executive Officer, has informed the Board that, after more than two decades in the Company, he will retire in 2024 upon the selection of his successor. Mr. Garutti shared a letter to his team that is viewable here: A Message from our CEO, Randy Garutti.
He will continue to lead the Company as its CEO and as an executive Board member through that time...
Shake Shack Elects Chuck Chapman to its Board of Directors
Shake Shack Inc. today announced the appointment of Chuck Chapman to its Board of Directors, effective July 24, 2023.
“We are delighted to name Chuck to our Board of Directors," stated Randy Garutti, CEO of Shake Shack. "Chuck's proven track record of leadership and operations, spanning so many successful restaurant brands, will be invaluable to the Board and our team. We look forward to his guidance and fervor as we drive Shake Shack forward into the future."
“I am honored to join the Board of this industry-leading restaurant and...
Shake Shack Enters Into Cooperation Agreement With Engaged Capital
Shake Shack Inc. today announced that it has entered a cooperation agreement (the “Cooperation Agreement”) with Engaged Capital, LLC (“Engaged Capital”). As part of the Cooperation Agreement, Shake Shack appointed Jeffrey D. Lawrence to its Board as an independent director, effective immediately. The Company will also work with Engaged Capital to identify an additional mutually agreed upon independent director to appoint to the Shake Shack Board with restaurant operations experience. The Company also agreed to take other actions that both the Company and Engaged Capital...
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