Shake Shack Chief Financial Officer Katie Fogertey will depart the fast casual brand on March 4, the company announced Tuesday. Fogertey will begin serving in an advisory capacity, effective immediately, to aid the transition, and the chain will search for a permanent replacement.
Shake Shack is also setting up an “Office of the CFO,” a team of tenured leaders in “financial planning, accounting, treasury, data science and investor relations,” to supervise the brand’s financial operations for the duration of the CFO search.
Fogertey has led Shake Shack’s financial team since 2021. The brand significantly expanded under her tenure despite the later waves of the COVID-19 pandemic, inflation, consumer price-sensitivity and a choppy macroeconomic environment.
“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,” Fogertey said in a statement. “We have built a solid foundation that will help power Shake Shack’s robust growth.”
In recent quarters, Shake Shack has increased its spending on advertising and pivoted toward digital value deals as a way to draw consumers onto its app, which helped it increase same-store sales growth despite consumer headwinds.
Shake Shack has performed relatively well in 2025, with modest same-store sales growth in H1 and a stronger 4.9% increase in Q3. Meanwhile, many fast casual brands saw outright declines in sales as aggressive QSR value promotions — and casual dining’s relative strength — hurt the sector.
The brand has made a large number of executive changes since appointing former Papa John’s CEO Rob Lynch to succeed Randy Garrutti as CEO last spring. In June 2024, the chain hired Stephanie Sentell, formerly of Arby’s, as chief operations officer. In January, Shake Shack appointed a new chief information and technology officer and created two new c-suite marketing positions.
Most recently, the chain hired Jamie Griffin, a Raising Cane’s alum, as chief people officer over the summer and appointed its first chief brand officer in September.
