Shake Shack's CFO to step down
A growing fast-casual hamburger chain is on the hunt for a new finance chief.
Shake Shack Inc. has announced that CFO Katherine Fogertey will step down from the company, effective March 4, 2026. Beginning immediately, she will move into a senior advisor role to support a smooth transition and ensure continuity across all financial functions. The company plans to launch a search for a new CFO immediately.
Fogertey has served as CFO since June 2021. Before joining Shake Shack, she spent more than 15 years at Goldman Sachs as VP of global investment research.
Shake Shack reiterated its fourth quarter and fiscal year 2025 guidance in tandem with the announcement. In the fourth quarter, the company plans to open between 15 and 20 company-operated stores and 12 to 17 licensed locations.
“Katie has made a meaningful and positive impact on Shake Shack, helping us navigate pivotal moments of growth and transition,” said Rob Lynch, CEO of Shake Shack. “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.”
As part of the transition, Shake Shack 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. The company says the structure is designed to provide stability and deliver uninterrupted support to the business until a new CFO is found.
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“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," said Fogertey. “As I transition into my new role as senior advisor, I am dedicated to ensuring a smooth handoff and continuing to support the company. I am excited to continue to cheer on Shake Shack and watch this team reach new heights.”
Since the original Shake Shack store opened in 2004 in New York City’s Madison Square Park, the company has expanded to over 645 locations system-wide, including over 410 in 34 U.S. states and the District of Columbia and over 230 international locations.
