Texas Roadhouse CFO Tonya Robinson retired this week, the company said Friday in a federal filing.
Robinson had been with the steakhouse chain for more than 24 years and was its finance chief since May 2018.
VP of Finance Keith Humpich will take over on an interim basis while the chain looks for a permanent replacement. Humpich started at Texas Roadhouse in 2005 as director of internal audit.
The chain said Robinson’s departure was not related to a disagreement or the company’s financial performance. Texas Roadhouse has generated strong sales and traffic coming out of the pandemic, and its stock is up more than 20% over the past six months.
“Tonya has provided tremendous value throughout her 24-year career at Texas Roadhouse, rising from Staff Accountant to CFO,” said CEO Jerry Morgan in a statement. “We wish Tonya the best as she begins her next chapter in life.”
Robinson will get $3.5 million as part of a separation agreement. Humpich will get a quarterly stipend of $100,000 for as long as he remains interim CFO.
Robinson joined the Louisville, Ky.-based chain in 1998, making her the second-longest-tenured member of the management team. She has held a variety of roles, including controller, senior director of finance and investor relations and VP of investor and financial relations.
During her time as CFO, the 607-unit chain continued its decadeslong growth trajectory. Sales rose 37% from 2018 to 2021 and unit count increased 12%, according to Technomic data.
UPDATE: This story has been updated to include a statement from Texas Roadhouse CEO Jerry Morgan.
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