Fogo de Chão Names New CFO as Part of Leadership Transition
Event summary
- Daniel Duran assumed the role of Chief Financial Officer at Fogo de Chão on July 20, 2026.
- Duran succeeds Tony Laday, who announced his retirement in April 2026 after over 12 years with the company.
- Laday will remain in an advisory capacity to ensure a smooth transition.
- Duran previously served as Senior Vice President of Financial Planning & Analysis and Investor Relations at Fogo de Chão since November 2025.
The big picture
Fogo de Chão's CFO transition reflects a broader trend in the restaurant industry where companies are increasingly focusing on internal promotions to ensure cultural alignment and strategic continuity. With 122 restaurants globally, the company's growth trajectory hinges on strong financial leadership to navigate expansion challenges and maintain operational efficiency.
What we're watching
- Strategic Continuity
- How Duran will maintain the financial foundation established by Laday while driving Fogo de Chão's growth strategy.
- Growth Execution
- Whether Duran can effectively oversee financial planning and investor relations to support the company's domestic and international expansion.
- Internal Talent Development
- The pace at which Fogo de Chão develops internal talent for key leadership roles, given Duran's relatively short tenure before his promotion.