Chief Accounting Officer Appointed at Toast, Inc.

On February 12, 2025, Toast, Inc. (NYSE:TOST) announced in an 8-K filing that Gail Miller, aged 46, has been appointed as the Chief Accounting Officer and principal accounting officer of the company effective as of her employment commencement date, expected to be March 3, 2025. Prior to joining Toast, Ms. Miller held the position of Chief Accounting Officer at Remitly Global, Inc. from May 2023 to February 2025, overseeing various financial functions. She also served as the Chief Accounting Officer at Shift4 Payments, Inc. from April 2016 to May 2023.

As part of her appointment, Ms. Miller is set to receive a base salary of $400,000 per year and a one-time sign-on bonus of $100,000. Additionally, she will be eligible for an annual target bonus equivalent to 40% of her annual base salary under the Senior Executive Cash Incentive Bonus Plan of the company. Toast also plans to grant Ms. Miller restricted stock unit (RSU) awards with a total value of $3,300,000 and stock options valued at $2,200,000. These Grants will vest over a four-year period, with portions vesting at different intervals subject to her continued employment.

Moreover, Ms. Miller is expected to sign the company’s standard indemnification agreement. It was noted in the filing that there are no undisclosed arrangements or relationships between Ms. Miller and any other individuals related to her appointment. The appointment aligns with the company’s commitment to strengthening its financial leadership team.

In a related development, the Board of Directors appointed Elena Gomez as the President of Toast, Inc. Following Ms. Miller’s appointment as Chief Accounting Officer, Ms. Gomez will transition from her roles as the company’s interim Chief Accounting Officer and interim principal accounting officer to serve as the President, Chief Financial Officer, and principal financial officer. This move is part of the company’s strategic leadership enhancements.

It was further disclosed that no adjustments have been made to the compensation plans or agreements in which Ms. Gomez participates due to this transition. More detailed information about Ms. Gomez’s background and any relevant contractual agreements is available in the Company’s definitive proxy statement on Schedule 14A dated April 23, 2024.

Toast, Inc. trades on the New York Stock Exchange under the symbol TOST and continues to make notable executive appointments in line with its growth strategy.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Toast’s 8K filing here.

Toast Company Profile

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.