Shake Shack Inc. President and CFO Tara Comonte is leaving the company to become CEO of a private company outside of the restaurant industry, according to a company press release.

Comonte, who joined Shake Shack in 2017, will remain in the role through May 7, overseeing the company's fiscal first quarter 2021 reporting period and ensure a thorough transition of her responsibilities. The company is in the process of retaining a firm to manage the search for her replacement, led by a sub-committee of the Board of Directors. In the meantime, her responsibilities will be transitioned to other existing members of the Shake Shack leadership team until such time as the search is concluded.

"On behalf of our Board and our entire team, I want to thank Tara for her many contributions over the past 4 years," CEO Randy Garutti said in the release. "I'm thrilled to see her take on a CEO role and our Shack team will be rooting for her every success. She leaves the company with an incredibly strong team and foundation that is well positioned for our accelerated growth ahead. We're beginning to exit the pandemic, returning to a robust development schedule, leveraging our broad array of new formats and digital channels and continuing to build this beloved global brand."

Comonte said it was an honor to help lead the brand through such a transformational period of growth.

"Shake Shack is a very special place, full of passionate, high-performing, talented leaders, each of whom I will sincerely miss. I'm excited to watch their success and growth continue around the world for many years to come and will remain one of their biggest fans," she said. "I would like to thank everyone at Shake Shack for the last wonderful four years, a time I will forever treasure. I wish everyone in the company every success."

The brand has 320 locations in 30 U.S. States and the District of Columbia, including more than 107 international locations including London, Hong Kong, Shanghai, Singapore, Philippines, Mexico, Istanbul, Dubai, Tokyo and Seoul ate on which they were made.

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