NEW YORK - Shake Shack Inc . (NYSE: NYSE:SHAK) has announced the appointment of Rob Lynch as its new Chief Executive Officer, effective May 20, 2024. Lynch, who is currently the President and CEO of Papa John's International (NASDAQ:PZZA), Inc., will succeed Randy Garutti, who has been at the helm of the company since its early days as a hot dog cart in Madison Square Park. Garutti will remain in his role until the transition date and then serve as an advisor through the end of 2024.
Danny Meyer, Shake Shack's Founder and Chairman of the Board, expressed confidence in Lynch's ability to lead the company into its next phase of growth, citing his extensive leadership experience with global brands. Meyer also commended Garutti for his dedication and impact on Shake Shack's development into a global presence with over 520 restaurants worldwide.
Lynch's tenure at Papa John's is noted for driving the company to achieve record global system-wide sales, surpassing $5 billion across approximately 5,900 units. His previous roles include President of Arby's and Vice President of Marketing at Taco Bell, bringing over 25 years of experience in the quick-service restaurant (QSR) and consumer packaged goods industries to his new position at Shake Shack.
The CEO search committee highlighted Lynch's track record in leading scaled global brands and delivering results for stakeholders. His experience in marketing, data analytics, technology, and economics, along with his focus on workplace culture, were key factors in his selection as Garutti's successor.
Shake Shack, known for its premium ingredients and American classics such as Angus beef burgers, crispy chicken, and hand-spun milkshakes, has become a beloved brand since its inception in 2004.
This leadership change is based on a press release statement from Shake Shack Inc.
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