Deals
Shake Shack Appoints Ex-Domino’s CFO as a Director to Settle With Activist
- New York burger chain appoints Jeffrey Lawrence to board
- Shake Shack will look to name another independent director
A 'Shake Shack' at the Arboleda luxury housing development in the Del Valle neighborhood in San Pedro Garza Garcia, Nuevo Leon in Mexico, on Saturday, April 8, 2023.
Photographer: Koral Carballo/BloombergThis article is for subscribers only.
Shake Shack Inc. has appointed Jeffrey Lawrence, the former chief financial officer of Domino’s Pizza Inc., as an independent director as the burger chain moves to settle a battle with activist investor Engaged Capital.
New York-based Shake Shack said in a statement on Tuesday that it will also work with Engaged to identify and appoint another independent director with restaurant experience. Shake Shack Chief Executive Officer Randy Garutti said the company appreciated the constructive dialogue with Engaged.