NEWPORT
BEACH, Calif., Nov. 11,
2024 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:
CMG) today announced that after a robust and thorough process, its
Board of Directors has appointed Scott
Boatwright as chief executive officer and a member of the
board, effective immediately. Prior to being named Interim CEO in
August, Boatwright served as chief operating officer, reporting
directly to the company's CEO since 2017.
Responsible for more than 125,000 employees and over 3,600
restaurants, Boatwright has been a driving force for improving the
company's overall guest experience. In addition to contributing to
the strategy and growth of the business, he led the integration of
new technology into restaurants, built a strong culture aligned to
the organization's values, and achieved industry-leading retention
rates yielding impressive outcomes and improvements in
throughput.
Scott Maw, Chipotle's chairman of
the board, added: "We conducted a thorough and rigorous external
search process that confirmed Scott is absolutely the best person
to lead the next stage of growth at Chipotle. Today's announcement
is an affirmation of both Scott's leadership capability and our
internal succession planning process. The board overwhelmingly
believes Scott will deliver on the key strategies in
place and position the company for continued
success."
"It is an honor to serve as the CEO of this purpose-driven brand
and I look forward to providing greater opportunities for our
employees, generating value for our shareholders and Cultivating a
Better World for our communities," said Boatwright. "I am
passionate about our menu and energized by our people, and believe
that I, along with our esteemed bench of tenured leaders, will
deliver on our priorities and achieve our long-term growth
goals."
Prior to Chipotle, Boatwright spent 18 years with Arby's
Restaurant Group in various leadership positions. He last served as
senior vice president of operations, where he was responsible for
the performance of over 1,700 Arby's restaurants in numerous
states.
Boatwright currently serves on the board of directors of Academy
Sports and Outdoors, Inc. and is a member of the National
Restaurant Association's Fast Casual Industry Council. He holds a
Master of Business Administration from the J. Mack Robinson College of Business at
Georgia State University.
ABOUT CHIPOTLE
Chipotle Mexican Grill, Inc.
(NYSE: CMG) is cultivating a better world by serving
responsibly sourced, classically-cooked, real food with wholesome
ingredients without artificial colors, flavors or preservatives.
There are over 3,600 restaurants as of September 30, 2024, in
the United States, Canada, the United
Kingdom, France,
Germany, and Kuwait and it is the only restaurant company
of its size that owns and operates all its restaurants in
North America and Europe. Chipotle is ranked on the
Fortune 500 and is recognized on Fortune's Most Admired Companies
2024 list and Time Magazine's Most Influential Companies. With over
125,000 employees passionate about providing a great guest
experience, Chipotle is a longtime leader and
innovator in the food industry. Chipotle is committed
to making its food more accessible to everyone while continuing to
be a brand with a demonstrated purpose as it leads the way in
digital, technology and sustainable business practices. For more
information or to place an order online, visit
WWW.CHIPOTLE.COM.
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SOURCE Chipotle Mexican Grill