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Why Fast Casual Restaurant Chain Shake Shack Shares Are Shooting Higher Today

Fast casual restaurant chain Shake Shack Inc SHAK said Randy Garutti, its Chief Executive Officer, has informed the Board of his intention to retire in 2024…

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Shake Shack CEO Garutti to retire next year as burger chain undergoes rapid expansion

Shake Shack CEO Garutti to retire next year as burger chain undergoes rapid expansion
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Shake Shack CEO Garutti to retire next year as burger chain undergoes rapid expansion

Shake Shack CEO Randy Garutti will retire next year with the burger and milkshake chain gaining significant momentum as it undergoes a significant expansion. Garutti, who is also a board member, has worked for Shake Shack for more than 20 years. “When we launched a hot dog cart out of Eleven Madison Park in 2001, and then three years later, turned it into Shake Shack - a kiosk in Madison Square Park - Randy asked for the ball,” said Danny Meyer, the restaurateur founder of the company.

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