Chipotle Hires New CEO! Look Who It Is!

Submitted by MAGA Student

Posted 6 days ago

Chipotle, once considered the king of food chains, has had a bad run due to food safety problems.
Looking to turn things around, Chipotle has hired a new CEO, dipping into the Taco Bell pool to find them.

https://twitter.com/Reuters/status/963597434948431872



reuters.com reports: Chipotle Mexican Grill Inc (CMG.N) has hired Brian Niccol, known for bringing “Doritos Locos Tacos” and mobile ordering to Taco Bell, as its next chief executive to turnaround the once red-hot burrito chain that has been battered by food safety lapses.


Shares of Denver, Colorado-based Chipotle were up 11.8 percent at $281.03 in extended trading, still less than half their $742 high set in 2015, before sales-crushing E.coli, Salmonella and norovirus outbreaks sickened hundreds of U.S. customers.

Niccol, 43 and head of Yum Brand’s Taco Bell since 2015, on March 5 will replace Chipotle founder Steve Ells, who built the chain on the idea that food could be both healthy and fast but failed to nail the operational prowess needed to guide it through several health scares.

More @ (Link: www.reuters.com)

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