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.
A Big Change at Texas Roadhouse: CFO Chris Monroe Moves On
In the bustling city of Louisville, a notable shift is taking place at Texas Roadhouse, the beloved casual dining chain known for its delicious steaks and lively atmosphere. The company’s Chief Financial Officer (CFO), Chris Monroe, has officially parted ways with the organization as of June 10, 2025. Though his time at the helm was brief—having taken the CFO role just a short while ago on June 28, 2023—his contributions during this period have been nothing short of impressive.
Thank You for the Growth
During Monroe’s tenure, Texas Roadhouse has experienced **remarkable growth**, with sales soaring to an astounding $5.5 billion in 2024. This phenomenal success has helped position the brand as the largest casual dining chain in the United States by sales, wrapping up the year with about 665 locations. Talk about a leap on the dining scene!
As the restaurant industry continuously evolves, Texas Roadhouse has stood tall, boasting an average unit volume of $8.5 million, nearly double that of its competitors in the casual dining steakhouse segment, according to Technomic data. Such figures signify not just the popularity of the chain, but also the solid foundation established during Monroe’s leadership.
Farewell But Not Forgotten
As Chris Monroe transitions back to Texas, the company’s CEO, Jerry Morgan, expressed gratitude for the nearly two years of service Monroe provided. His expertise, notably in financial operations, was essential in navigating the challenges and opportunities that arose during his time with the company. Prior to his position at Texas Roadhouse, Monroe enjoyed a lengthy career at Southwest Airlines, where he spent over 16 years in various roles, including that of senior vice president and treasurer.
Meet the Interim CFO
Now, the reins are being taken over by Keith Humpich, who has stepped in as the interim CFO. Humpich is no stranger to the company, bringing with him over 30 years of experience in accounting, audit, and finance. His background with Texas Roadhouse dates back to February 2005, when he joined the team as the director of internal audit. With a successful climb through the ranks—including a stint as interim CFO from January 2023 to June 2023—Humpich is well-prepared for this new challenge.
Since 2021, he has held the position of vice president of finance, where he has managed various facets of financial operations such as financial reporting, tax, treasury, internal audit, and financial analysis. His expertise has empowered the company to weather the storm of industry challenges while achieving robust performance against competitors.
Looking Toward the Future
As Texas Roadhouse embarks on this new chapter, an executive search firm has been enlisted to help find a permanent CFO to fill Monroe’s shoes. With strong foundational growth and determination, the company remains optimistic about its future.
In a sector that has seen many chains struggle, Texas Roadhouse not only keeps its head above water but flourishes. The love for its signature food items combined with a vibrant dining atmosphere continues to resonate with patrons, showing that even in changing times, some combinations are just meant to last.
As we look ahead, it will be exciting to see how the leadership change affects Texas Roadhouse’s trajectory in the casual dining industry. Will they continue their unprecedented growth? Only time will tell, but you can bet diners will be keeping a close eye on this sizzling hospitality giant.
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
