Shake Shack Elects Josh Silverman To Its Board Of Directors

Shake Shack Inc. ("Shake Shack" or the "Company") (NYSE:SHAK) today announced that it has elected Josh Silverman to its Board of Directors, effective November 17, 2016. An entrepreneurial executive with experience in media, marketplaces, communications and financial services, Mr. Silverman will become the eighth member of Shake Shack's Board of Directors and will also serve on its Audit Committee.

"Josh brings to our Board a wealth of consumer, technology and leadership experience, and he is passionate about delivering shareholder value while embracing Enlightened Hospitality," said Danny Meyer, Chairman. "We are so honored to have Josh join our Board of Directors."

"I admire the passion that people have for Shake Shack, and I love the food and the brand," said Silverman. "I'm ready to leverage my experience in helping fast growing brands unlock their full potential, and I look forward to being a part of Shake Shack's continued growth and exciting future."

Silverman, 47, was most recently the President of Consumer Products and Services at American Express from June 2011 to December 2015, with overall responsibility for the flagship US consumer cards and global consumer travel businesses. During his tenure, he launched iconic new products, broadened the appeal of the brand, and evolved the product, marketing, mobile and software capabilities of the company.

Prior to joining American Express, Silverman was the CEO of Skype, where during his tenure, Skype added more than 300 million users and became ubiquitous across mobile and consumer electronic devices, resulting in record revenues and profits. In recognition of his contributions, TechCrunch nominated Silverman as first runner-up for "CEO of the Year" in 2010. Prior to Skype, Silverman served as the CEO of, an eBay company, held various other senior executive roles at eBay, and was the co-founder and CEO of Evite, which he led from its inception through its sale to IAC in 2001.

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