Shake Shack chief financial officer Katherine Fogertey is to step down after four-and-a-half years in the role.
Fogertey will move into a senior advisor role to support a smooth handoff, before exiting the company on 4 March 2026. The food-to-go chain plans to launch a search for a new CFO immediately.
As part of the transition, the company is establishing an Office of the CFO, composed of a tenured team of experienced leaders across financial planning, accounting, treasury, data science and investor relations. This is designed to “provide stability and deliver uninterrupted support” to the business.
“Katie has made a meaningful and positive impact on Shake Shack, helping us navigate pivotal moments of growth and transition,” said Shake Shack CEO Rob Lynch. “We are grateful for her significant contributions to the strategic and financial growth of our company and wish her continued success in all that comes next.
“We also have full confidence in the experienced team of leaders who will guide the newly established Office of the CFO in the interim as we begin our search for our next CFO.”
Fogertey added: “I am incredibly proud of all that we have achieved together during my time as CFO, including doubling our footprint and implementing meaningful improvements to our business model.
“We have built a solid foundation that will help power Shake Shack’s robust growth opportunity for many years to come.”
In 2024, Shake Shack bounced back to profit in the UK as it expanded its presence to a total of 17 locations.
The UK operator of the ‘fine-casual’ restaurant chain, Diverse Dining, posted a pre-tax profit of £1.1m for the year to 31 December 2024, up from a loss of £764,000 the previous year.
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