Shake Shack announced the appointment of Rob Lynch, previously CEO of Papa John's International, as its new Chief Executive Officer, succeeding Randy Garutti, who is retiring after more than two decades with the company. The news was met with a 4.3% drop in Shake Shack's stock price in pre-market trading. This move comes as Shake Shack aims for further growth, having lagged behind Papa John's in stock performance for the last five years.
Another day, another U.S. pizza chain loses its top executive. This time, David Graves is out as president of Pizza Hut U.S., the company confirmed. Aaron Powell, global CEO of the chain, will take over for now. https://t.co/T47AlbpX8x
Red Lobster just hired a restructuring advisor to be its new CEO. The latest sign of a company in real trouble. https://t.co/7Pk5CzQZtq
$SHAK hires away $PZZA's CEO for a comp plan that is not even that much. Bad look for $PZZA
Shake Shack names Papa John's CEO as its new leader in CEO shakeup https://t.co/v8wYv8bahH
Shake Shack hires CEO from Papa John’s after its stock lagged the pizza chain for a half-decade https://t.co/2MOSg9ttOj
Shake Shack Hires Papa John’s CEO Seeking Further Growth https://t.co/QLPAft4pzX
Shake Shack names Papa John's chief as its CEO https://t.co/lrE7GsBv6d https://t.co/20Sghiznlp
⚠️ SHAKE SHACK NAMES PAPA JOHN'S CHIEF AS ITS CEO Full Story → https://t.co/pvsb0nZfIL Shake Shack said on Thursday it has named Papa John's International's CEO Rob Lynch as its chief, succeeding Randy Garutti, who is retiring after spending more than two decades at the… https://t.co/WBFHaWGsjH
New $SHAK CEO and the stock drops 4% lol 🥴
$SHAK (-4.3% pre) Shake Shack (SHAK) Names Rob Lynch as Chief Executive Officer - SI https://t.co/ewuhS4CnHk