Shake Shack Inc. has named Katherine Fogerty its chief financial officer, replacing Tara Comonte, who left in early May.
Fogerty joins the fast-casual burger chain, effective June 14, after spending more than 15 years at investment bank Goldman Sachs in New York City where most recently she was lead analyst covering the restaurant sector.
She has a bachelor’s degree of business administration in accounting, finance and international business from Washington University in St. Louis, which is her hometown as well as the hometown of Shake Shack founder Danny Meyer.
“I have always admired the incredible brand Shake Shack has built and maintained, while accelerating its expansion and growth across the globe,” Fogerty said in a press release announcing her appointment. “I am beyond thrilled to be joining the team at such a pivotal time in the Company’s journey. The Shack brand is stronger than ever and well positioned to capitalize on all the many opportunities ahead.”
CEO Randy Garutti praised Fogerty for her financial experience and knowledge of the foodservice industry.
“I am excited to welcome Katie to the Shake Shack leadership team as CFO,” he said. “She brings extensive financial experience, knowledge of our brand and deep industry and capital markets insights. I know Katie will be a natural fit in our Shake Shack culture, and I’m looking forward to working with her and our entire team as our business enters a new phase of exciting growth ahead.”
Although Shake Shack, which is based in New York City and has a heavy concentration in urban areas hard hit by the pandemic, had yet to fully recover in the most recent quarter, the chain did open new restaurants and continues to invest in delivery-friendly technology, including an enhanced app that now allows delivery.
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