Morgan Stanley on Shake Shack (SHAK): 'a transition period next year should also ensure a smooth handoff'

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CEO Randy Garutti to Retire from Shake Shack in 2024

December 11, 2023 8:00 AM EST

Board Has Initiated Search for Successor

NEW YORK--(BUSINESS WIRE)-- Shake Shack Inc. (Shake Shack or the Company) (NYSE: SHAK) today announced that Randy Garutti, the Companys 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:... More