leadership

Leadership

Shake Shack CFO Katie Fogertey is stepping down

The fast-casual burger chain will search for a replacement as Fogertey moves to an advisory role, working with a newly created Office of the CFO.

Financing

Cracker Barrel board member ousted following activist pressure

Gilbert Dávila stepped down after losing a shareholder vote Thursday. It was a win for investor Sardar Biglari’s latest fight against the family-dining chain, but shareholders rebuffed him on other issues, including re-electing CEO Julie Masino.

One concept is a destination for dirty sodas, the other for iced teas, but both share similar strategies that are driving growth in the competitive beverage segment.

Restaurant veteran Jim Mazany will step into the top role at the Asian casual-dining chain, replacing Brad Hill, who was promoted in April.

Two key shareholder advisory firms are backing the activist’s argument that change is needed at the floundering family-dining chain, including the ouster of board member Gilbert Dávila. But they recommended that CEO Julie Masino remain in place.

The fast-food giant won a summary judgment in a three-year-old case involving a former security executive who sued the chain for discrimination, saying he was a victim of a hostile work environment.

Executive Summary: Here are the latest top-level updates in restaurant industry leadership.

Executive Summary: Here are the latest top-level updates in restaurant industry leadership.

The restaurant veteran will take the top job at Ascent Hospitality Management, replacing former CEO James O’Reilly.

Remembered as a “giant,” the influential industry leader helped shape casual dining as we know it today.

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