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Shake Shack, an American fast casual restaurant chain based in New York City, has hired Papa John International's chief executive officer, Rob Lynch, to be its new CEO. The appointment is part of the company's senior management shakeup.
Change of Leadership
Shake Shack revealed Lynch's appointment on Thursday, March 21. According to WHBL News, Lynch will succeed Randy Garutti, who is set to retire after leading the brand for more than 20 years.
Garutti was said to have guided Shake Shack through its initial public offering in 2015. Once he steps down, he will remain in the company to become an advisor during the leadership transition. He will stay in this position until the end of 2024.
The incoming Shake Shack CEO, Rob Lynch, has over 25 years of work experience in quick-service restaurants and the food industry. He is expected to apply his expertise and experience in the QSR to lead the chain. His appointment is taking effect on May 20.
First Outsider CEO in the Firm's History
Associated Press News reported that in Shake Shack's 20-year history, Lynch is the first outsider to be appointed as the company's chief. Currently, he is the president and CEO of Papa John International.
"Rob's appointment as CEO marks the beginning of our next chapter of growth as we seek to further elevate Shake Shack as a leading global brand," Shake Shack's founder and chairman of the board of directors, Danny Meyer, said in a press release. "Rob's deep leadership experience with several well-established global brands will serve us well in executing on our long-term strategic priorities as we enter the next phase of our company's growth. Rob's leadership style is also a wonderful fit to advance Shake Shack's culture of Enlightened Hospitality, and we are thrilled to welcome him to the team."
Photo by: Subhaan Saleem/Unsplash
