Shake Shack named a new CEO on Thursday, the first outsider to lead the company in its 20-year history. Rob Lynch, the current president and CEO of the Papa John’s pizza chain, will join Shake Shack’s board and become its CEO on May 20. Lynch succeeds Randy Garutti, who started what would become Shake Shack from a hot dog cart in New York’s Madison Square Park in 2001.
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