The search is over and faith in Chipotle’s future seems to be on its way to being restored.
On Wednesday morning, Chipotle shares experienced a 14 percent hike, according to “Bloomberg.”
This is thanks to Chipotle’s Tuesday announcement that founder Steve Ells will be officially stepping down by March 5 of this year as the chief executive officer to pass along the post to Brian Niccol, former CEO to Yum! Brands’ Taco Bell Division.
Steve Ells will transition from a Chipotle Chairman role to an Executive Chairman for the brand, as he welcomes Brian Niccol as a new member of Chipotle’s Board of Directors.Read More