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Form 8-K · Current Report · Filed 2024-11-12

Chipotle Appoints Scott Boatwright as New CEO

On November 11, 2024, Chipotle Mexican Grill, Inc.

Filer
Chipotle Mexican Grill, Inc. CMG · NYSE
Filed
Accession
0001058090-24-000053
CIK
0001058090
Signal
High impactConsumer Cyclical

Details

announced the appointment of Scott Boatwright as its new Chief Executive Officer and a member of the Board of Directors, effective immediately. Mr. Boatwright, who has been with the company since 2017, previously served as Interim CEO since August 2024 and held the positions of Chief Operating Officer and Chief Restaurant Officer. He brings extensive experience from his 18 years with Arby's Restaurant Group, where he was the Senior Vice President of Operations. The board expressed confidence in Mr. Boatwright's ability to lead Chipotle into its next phase of growth.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

New CEO Appointed
Item 7.01

Regulation FD Disclosure

Press Release Furnished
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$59.27

Next session

+0.0%

Since filing

-37.2%

Latest close

$37.22

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from CMG reporting the same item, with the next session's move:

Exhibits (1)

About Chipotle Mexican Grill, Inc.

Chipotle Mexican Grill, Inc. operates as a fast-casual restaurant chain, dedicated to serving Mexican-inspired cuisine. With a focus on natural ingredients and customizable menu options, Chipotle offers items such as burritos, tacos, and bowls prepared from responsibly sourced ingredients. Its commitment to "Food with Integrity" emphasizes the use of organic produce and meats raised without hormones or antibiotics, setting it apart in the fast-food industry. Headquartered in Newport Beach, California, Chipotle has significantly influenced the dining landscape by promoting healthy eating trends and sustainability efforts within the restaurant sector. The company operates numerous outlets across several countries, showcasing its substantial market presence and appeal. Through its digital platforms, including a mobile app and online ordering system, Chipotle enhances customer convenience and expands its reach. The brand's approach to operational efficiency and product quality has solidified its standing as a prominent player in the quick-service restaurant industry, resonating with health-conscious consumers worldwide.

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