Shake Shack’s Chief Executive Randy Garutti, who has been at the helm of the popular burger restaurant since 2012, has announced his plans to retire next year. As part of a smooth transition, the company has already initiated a search for Garutti’s successor. However, he will continue leading the company throughout this search process and will stay on board in an advisory capacity until next year.
Leading the charge in finding a new CEO is Korn Ferry, a well-known executive search firm. In addition, a committee of board members, led by Chairman Danny Meyer, will assist in the search and selection process.
Garutti’s tenure at Shake Shack has been impressive, with notable achievements such as overseeing the company’s successful initial public offering in 2015 and driving its expansion into international markets. Prior to joining Shake Shack, Garutti held the position of director of operations for Union Square Hospitality Group, an organization founded by Chairman Danny Meyer.
Shake Shack has undoubtedly flourished under Garutti’s leadership, gaining popularity and acclaim across the globe. As the search for a new CEO unfolds, the company remains committed to building upon its past successes while exploring new avenues for growth.