News Summary
Texas Roadhouse is experiencing a significant leadership change as CFO Chris Monroe has left the company after a brief tenure. His short time at the helm has seen remarkable growth in sales, with the chain reaching $5.5 billion in revenue. Keith Humpich, with over 30 years of experience in finance, will serve as interim CFO while an executive search for a permanent replacement is underway. The chain has established itself as a leader in the casual dining industry, and many are curious about the future trajectory amid this transition.
Texas – Texas Roadhouse has announced the departure of its Chief Financial Officer, Chris Monroe, effective June 10, 2025. Monroe was appointed CFO less than two years prior, on June 28, 2023, and his exit comes as the company experiences substantial growth and operational success.
During Monroe’s tenure, Texas Roadhouse achieved remarkable milestones, generating approximately $5.5 billion in sales for the fiscal year 2024. This growth has solidified the company’s position as the largest casual dining chain in the United States by sales, finishing the year with around 665 locations. The average unit volume within Texas Roadhouse is noted to be $8.5 million, which is nearly double that of its closest casual dining steakhouse competitors, as reported by Technomic data.
Texas Roadhouse’s CEO, Jerry Morgan, acknowledged Monroe’s contributions to the company and expressed gratitude for his nearly two years of service. Morgan conveyed well wishes as Monroe transitions back to Texas, emphasizing the positive impact Monroe had during a dynamic period for the company.
With Monroe’s departure, Keith Humpich has been appointed as the interim CFO. Humpich, who has been with Texas Roadhouse since February 2005, has extensive experience in accounting, audit, and finance, totaling over 30 years. Humpich previously served as interim CFO for the company from January 2023 to June 2023 and has held various significant roles, including director of internal audit and vice president of finance.
In his role as vice president of finance, Humpich was responsible for overseeing numerous financial operations, which include financial reporting, tax, treasury, internal audit, and financial analysis. His previous responsibilities also involved serving as principal accounting officer, a title he has held since January 2023.
As management seeks to pinpoint a permanent CFO, Texas Roadhouse has retained an executive search firm to assist in the recruitment process. The company continues to perform exceptionally well in the casual dining industry, positioning itself favorably even as other chains face operational challenges.
The unexpected transition in Texas Roadhouse’s financial leadership signals a moment of adjustment for the company. However, with Humpich stepping in as interim CFO, there is confidence that his extensive background in finance and his long-standing affiliation with the organization will help ensure continuity in strategic financial planning and execution.
Founded in 1993, Texas Roadhouse has grown significantly, becoming a household name in the restaurant sector. The brand is well-regarded for its quality steak offerings and vibrant dining atmosphere. The recent sales numbers highlight not only Texas Roadhouse’s effective business model but also its resilience in a fluctuating market.
Looking ahead, the company remains focused on sustaining its growth trajectory and reinforcing its standing as the leading casual dining option across the U.S. With leadership changes in the financial department, Texas Roadhouse’s stakeholders will be keen to see how the new interim CFO will steer the company’s financial strategies in the upcoming quarters.
In conclusion, the departure of Chris Monroe marks a pivotal change for Texas Roadhouse as it continues to navigate the competitive landscape of casual dining. With Keith Humpich temporarily stepping into the CFO role, the company is poised to maintain its momentum while diligently seeking a permanent successor to uphold its financial health and operational goals.
Deeper Dive: News & Info About This Topic
- Nation’s Restaurant News: Texas Roadhouse CFO Chris Monroe Has Left the Company
- Restaurant Dive: Texas Roadhouse CFO Chris Monroe Departs, Keith Humpich Interim
- Globe Newswire: Texas Roadhouse Inc. Announces Departure of Chief Financial Officer
- Wikipedia: Texas Roadhouse
- Encyclopedia Britannica: Texas Roadhouse
Author: STAFF HERE COLLEGE WRITER
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