Toast Co-Founder Assumes CEO Role in January – C-Suite Transitions

Toast (TOST): $14.02

Market Cap: $7.47B

Enterprise Value: $6.58B

Key Insights

• Co-founder Aman Narang has been appointed as the CEO of Toast after current CEO Chris Comparato stepped down.
• Annualized recurring run-rate (ARR) as of September 30, 2023, grew 40% year-over-year.
• Toast aims to be the preferred software management platform for restaurants, targeting a Total Addressable Market (TAM) exceeding $100 billion.

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