Shake Shack Elects Chuck Chapman to its Board of Directors
July 10 2023 - 7:00AM
Business Wire
Chapman is the former COO of Panera Bread
and International Dairy Queen and the current CEO of Tatte Bakery
& Cafe
Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE:
SHAK) today announced the appointment of Chuck Chapman to its Board
of Directors, effective July 24, 2023.
“We are delighted to name Chuck to our Board of Directors,"
stated Randy Garutti, CEO of Shake Shack. "Chuck's proven track
record of leadership and operations, spanning so many successful
restaurant brands, will be invaluable to the Board and our team. We
look forward to his guidance and fervor as we drive Shake Shack
forward into the future."
“I am honored to join the Board of this industry-leading
restaurant and hospitality brand,” said Chuck Chapman. “I am
looking forward to collaborating with Danny, Randy, and the rest of
the team to continue to elevate the Shake Shack brand and bring
ongoing value to its stakeholders.”
Chuck Chapman is a seasoned restaurant executive with a strong
strategic and operational track record in the industry, with a
background in operations, supply chain, development, and marketing.
Chapman was a senior executive at Panera Bread, where he served in
several leadership positions, including as (i) Chief Operating
Officer, where he was responsible for Franchise Operations,
Learning & Development, Retail Human Resources, Operations
Tools and Services, and the Bakery Function; (ii) Chief
International and Supply Chain Officer; and (iii) Executive Vice
President of Development, Information Technology, and
Non-Traditional Growth. Before joining Panera, Chapman also held
several leadership positions at International Dairy Queen,
including as Chief Operating Officer, Chief Development Officer,
and Chief Concept Officer. Prior to Dairy Queen, Chapman was Chief
Operating Officer of Bruegger’s Bagels, and, prior to that, the
President and Co-owner of Beantown Bagels, a Bruegger’s Bagels
franchisee. Early on, Chapman held various marketing, finance, and
operations roles at Darden Restaurants. Chapman began his career as
an associate consultant and consultant at Bain & Company.
Chapman is currently the Chief Executive Officer of Tatte Bakery
& Café and a Partner in Act III Holdings, LLC, which invests in
emerging niches in restaurants and entertainment.
Chapman also brings to the table both public and private board
experience, having served on the board of Cava from 2021 through
its IPO in June 2023 and Panera Bread from January 2008 through
November 2011. He currently sits on the board of Taymax, a large
Planet Fitness franchisee owned by Trilantic Capital Partners.
Chapman received his B.A. in Economics and Psychology from
Dartmouth College and his M.B.A. from the Amos Tuck School of
Business at Dartmouth.
“Chuck is a widely admired and seasoned restaurant industry
leader, and we feel fortunate to have him join the Board,” said
Danny Meyer, Chairman of the Board. “Following a comprehensive
search led by the Nominating & Corporate Governance Committee
of the Board in partnership with Engaged Capital, it was evident
that Chuck’s background in executive leadership, operations, supply
chain, and development, will deliver significant and meaningful
impact to Shake Shack.”
“We are thrilled Chuck is joining the SHAK Board and the newly
formed Board working group. Chuck’s decades of experience
successfully operating high quality, fast casual businesses at
scale will be an asset to the management team as they work to
improve execution, profitability, and ROI in the restaurants,” said
Glenn W. Welling, Founder and CIO of Engaged Capital.
Photos available here.
About Shake Shack
Shake Shack serves elevated versions of American classics using
only the best ingredients. It’s known for its delicious
made-to-order Angus beef burgers, crispy chicken, hand-spun
milkshakes, house-made lemonades, beer, wine, and more. With its
high-quality food at a great value, warm hospitality, and a
commitment to crafting uplifting experiences, Shake Shack quickly
became a cult-brand with widespread appeal. Shake Shack’s purpose
is to Stand For Something Good®, from its premium
ingredients and employee development, to its inspiring designs and
deep community investment. Since the original Shack opened in 2004
in NYC’s Madison Square Park, the Company has expanded to over 470
locations system-wide, including over 305 in 32 U.S. States and the
District of Columbia, and over 165 international locations across
London, Hong Kong, Shanghai, Singapore, Mexico City, Istanbul,
Dubai, Tokyo, Seoul and more.
Skip the line with the Shack App, a mobile ordering app
that lets you save time by ordering ahead! Guests can select their
location, pick their food, choose a pickup time and their meal will
be cooked-to-order and timed to arrival. Available on iOS and
Android.
Learn more: shakeshack.com | IG: @shakeshack | t: @shakeshack |
facebook.com/shakeshack
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version on businesswire.com: https://www.businesswire.com/news/home/20230710250868/en/
Media: Shake Shack Meg Davis mcastranova@shakeshack.com
or
Investors: ICR Melissa Calandruccio, CFA Michelle Michalski
(844) SHACK04 (844-742-2504) investor@shakeshack.com
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