Toast, Inc. filed a Form 8-K with the SEC on November 3, 2026, disclosing the resignation of President and Chief Financial Officer Elena Gomez effective December 31, 2026, and the appointment of Michael Senno as incoming CFO effective January 1, 2027, alongside the announcement of financial results for the fiscal quarter ended September 30, 2026.

Key Highlights

  • CFO departure: Elena Gomez notified the company on October 28, 2026 of her decision to step away as President and Chief Financial Officer, effective December 31, 2026.
  • Advisory role: Following her departure, Ms. Gomez will continue as a non-executive employee in an advisory role through July 2, 2027, according to the filing.
  • Successor named: The Board appointed Michael Senno, currently Senior Vice President of Finance, as Chief Financial Officer and principal financial officer, effective January 1, 2027.
  • Senno's compensation: Mr. Senno will receive a base salary of $460,000 per year and an annual target bonus at 75% of his annual base salary under the company's Senior Executive Cash Incentive Bonus Plan.
  • Senno's background: Age 46, Mr. Senno has served as Senior Vice President of Finance since April 2023 and previously held roles at Coupang, Inc., Expedia Group, Time Warner, and Credit Suisse.
  • Resignation context: The filing states Ms. Gomez's resignation "was not due to any disagreement relating to the Company's management, policies or practices."
  • Quarterly results: The company also announced financial results for the fiscal quarter ended September 30, 2026, furnished as Exhibit 99.1.

Leadership Transition at Toast: Gomez Steps Down, Senno Steps In

According to the 8-K filed by Toast, Inc. (NYSE:TOST) on November 3, 2026, Elena Gomez notified the company on October 28, 2026 of her decision to resign as President and Chief Financial Officer. Her departure takes effect December 31, 2026. The filing specifies that the resignation was not related to any disagreement with company management, policies, or practices. After that date, the filing discloses, Ms. Gomez will remain with the company in a non-executive advisory capacity through July 2, 2027.

The Board of Directors appointed Michael Senno to serve as CFO and principal financial officer beginning January 1, 2027. The filing notes that Mr. Senno, 46 years old, has held the role of Senior Vice President of Finance at Toast since April 2023, and previously served as Vice President of Finance from March 2022 to April 2023, overseeing finance and strategy, treasury, and investor relations. Before joining Toast, he was Vice President of Investor Relations at Coupang, Inc. from February 2021 to March 2022, and held leadership roles in treasury and investor relations at Expedia Group and Time Warner, and was a sell-side research analyst at Credit Suisse. Mr. Senno holds a B.S. in Information Science from Syracuse University and an MBA from New York University's Stern School of Business, according to the filing.

In connection with his appointment, the filing states Mr. Senno will receive a base salary of $460,000 per year and will be eligible for an annual target bonus of 75% of his annual base salary. He will also be subject to the company's 2024 Executive Severance and Change in Control Policy and is expected to enter into the company's standard indemnification agreement. The filing confirms there are no family relationships between Mr. Senno and any director or executive officer, and no arrangements with any other persons related to his appointment.

What Was Disclosed

Toast, Inc. disclosed the resignation of CFO Elena Gomez effective December 31, 2026, her subsequent advisory role through July 2, 2027, and the Board's appointment of Michael Senno as CFO effective January 1, 2027, along with his compensation terms. The company also reported quarterly financial results for the period ended September 30, 2026.