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Chipotle Founder and Chairman Resigns

TheMotleyFool

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Chipotle Founder and Chairman ResignsPhoto, wide shot, wide-angle lens, Home decor store, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/1f534af1-8f1f-47f4-aa9f-66269ecafb79.png

Restaurateur Steve Ells founded Chipotle Mexican Grill (NYSE: CMG) 27 years ago and led the iconic fast-casual Mexican-food eatery for a quarter century before relinquishing the CEO's chair a little over two years ago. Now, he's exiting the building entirely.

On Friday morning, Chipotle announced that Ells, still believed to be "executive chairman" of Chipotle at the time, actually resigned his post effective March 3, 2020, and is no longer on the company's board of directors at all. His replacement as CEO of two years ago, Brian Niccol, has in fact also been Chipotle's chairman of the board since Tuesday.

Image source: Chipotle.

Source Fool.com

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