Dive Brief:
- Texas Roadhouse CFO Tonya Robinson retired on Wednesday after a 24-year career at the casual chain, the company announced Friday.
- Keith Humpich, VP of finance, has been appointed interim CFO while the company looks for a successor.
- Robinson held various positions at Texas Roadhouse including controller, director of financial reporting and VP of finance and investor relations before she was appointed CFO in May 2018.
Dive Insight:
During Robinson’s tenure at Texas Roadhouse, the company navigated an abrupt CEO change following the death of founder Kent Taylor and double-digit declines in revenue and same-store sales in 2020. The company began seeing improvements in comp sales during Q1 2021 as dining room restrictions were lifted. As of Q3 2022, the company’s comp sales increased 10.5% year-over-year, and the company expects systemwide store growth across its three brands in 2023.
Humpich, who has over 30 years of experience in accounting, audits and finance, joined Texas Roadhouse in February 2005 as director and later senior director of internal audit. He was promoted to VP of finance overseeing financial reporting, tax, treasury, internal audit and financial analysis in 2021. He is also co-chair of the company’s enterprise risk management team and is a compliance officer for Foreign Corrupt Practices Act-related matters.
Within the last few weeks, the industry has seen a rash of executive changes, including at Walk-On’s Sports Bistreaux, Applebee’s, Blaze Pizza and KFC.
