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Lynsi Snyder

Also Known As Lynsi Lavelle Snyder-Ellingson, Snyder

President of In-N-Out Burger

Education

  • Graduated - Country Christian School
  • High School - Palo Cedro, California

Overview

Lynsi Lavelle Snyder-Ellingson is an American billionaire businesswoman, the owner and heiress of the In-N-Out Burger company. She is the only child of Lynda and H. Guy Snyder and the only grandchild of Harry and Esther Snyder, who founded In-N-Out in 1948.

According to the Bloomberg Billionaires Index, in 2012, Snyder was the youngest American female billionaire. As the sole beneficiary of family trusts, she received control of the company's stock in its entirety on her 35th birthday, becoming the sole owner.

Career :

On January 1, 2010, Snyder became the 6th President of In-N-Out, succeeding her brother-in-law, Mark Taylor, who was promoted to the Chief Operating Officer of the company. She occupies the same leadership position that her grandfather Harry (1948–1976), uncle Rich (1976–1993), father Guy (1993–1999), and grandmother Esther (1999–2006) previously held. Before Snyder became President of In-N-Out Burger, a taped message from her was broadcast to all company associates letting them know about the transition and the future of the company. Esther Snyder's signature was finally replaced with Lynsi Snyder's on associates' paychecks in 2009, three years after Esther Snyder's death.

During 2006, Snyder and In-N-Out were embroiled in a bitter lawsuit with a former company executive, Rich Boyd. Boyd was fired for allegedly misusing company funds, but he claimed that Snyder, and then Vice-President Mark Taylor, were trying to oust the elderly Esther Snyder from the company. Both Lynsi Snyder and Mark Taylor denied the claims, with Snyder saying the lawsuit “contains outright lies and awful inaccuracies to try to cover his own errors. By far, the most upsetting is his fabrication about the relationship between me and my gramma.” The lawsuit was settled out of court in May 2006. 

Snyder took ownership of her father's share of In-N-Out (50% of the company) on her 30th birthday, and inherited the balance of the company that was not already in trust for her when her grandmother Esther died. Snyder gained full control of the company when she turned 35. 

In February 2013, Snyder was ranked a billionaire for the first time by the Bloomberg Billionaires Index, based on an In-N-Out valuation of $1.1 billion. That same year, she ranked No. 93 on Maxim's annual Hot 100 list. 

Snyder is known for her servant leadership and commitment to maintaining her family’s legacy of delivering “Quality and Service.” Under her leadership, In-N-Out has grown to include more than 380 stores and expanded into Oregon and Colorado, allowing the company to serve customers in seven states. She has also continued the tradition started by her uncle Rich of including Bible verses on In-N-Out packaging, adding Proverbs 24:16 to the French fry containers, Luke 6:35 to the coffee cups and Isaiah 9:6 to the holiday cups. 

In 2021, the Orange County Business Journal featured Lynsi in the OC50, the annual listing of the 50 most influential executives in Orange County, and she was named the Los Angeles Business Journal 2021 Women’s Business Leadership Award’s CEO of the Year. Additionally, Snyder is regularly rated as a top female CEO with a 96% approval rating on Glassdoor.com.

Early Life

Snyder was born May 5, 1982 in San Dimas, California, to Lynda Lou (née Wilson) and Harry Guy Snyder. She is of Dutch descent on her father's side. When she was 12, her parents separated and she moved with her mother to the small town of Shingletown, California, where she lived on a ranch. She graduated from Country Christian School, a private high school in Palo Cedro, California. Her parents eventually divorced in January 1997. She has two older half-sisters (Traci and Teri) through her mother. Traci is married to former In-N-Out President and former COO Mark Taylor. Snyder's uncle Rich died in 1993 in a plane crash, and her father died in 1999 of congestive heart failure as a result of his excessive prescription drug use.

Career

  • President - In-N-Out Burger

Reference

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