Shake Shack (SHAK) announced that its board of directors has appointed Rob Lynch to the role of CEOand board member, effective May 20. Lynch currently serves as president and CEO of Papa John’s (PZZA). Lynch will succeed Randy Garutti who will continue as the company’s CEO through May 20, which will also be his final day serving on the board, before transitioning to an advisor through the end of this year to ensure a transition.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SHAK:
- Shake Shack price target raised to $120 from $110 at BTIG
- Micron upgraded, Foot Locker downgraded: Wall Street’s top analyst calls
- Shake Shack upgraded to Outperform from Market Perform at TD Cowen
- Shake Shack price target raised to $100 from $65 at JPMorgan
- Is Shake Shack Stock (NYSE:SHAK) a Buy after Its Stellar Q4 Results?