Chipotle makes a CEO change

chipotle mexican grill sign

Monty Moran has resigned as co-CEO of Chipotle Mexican Grill, leaving the chief executive’s responsibilities to be fulfilled solely by chain founder Steve Ells.

Moran also resigned his director’s seat on Chipotle’s board. A replacement was not announced by the company, which has been under pressure from investors to shake up its board. Chipotle said it would hold a conference call with investors and financial analysts this afternoon, after the market closes, to discuss personnel changes.

Ells said in the announcement of the change that he will intensify Chipotle’s focus on service and operations. Last week, he acknowledged to investors that half the chain’s restaurants deserved a bad grade for the experience they were providing to customers, a result in part of accelerated staff turnover. The fast-casual brand made significant changes to unit-level operations after suffering a series of food safety crises in late 2015.

Ells said he would look in particular to update Chipotle’s Restaurateur program, whereby outstanding general managers are rewarded richly for training future GMs. Ells commented that the program had grown too complex and needed to be simplified.

Moran’s background had been in law, not restaurants or their operation. He and Ells were personal friends since their teen years, and Moran played a key role in helping the chain negotiate leases in its early years. He has served as co-CEO since 2006.

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Financing

Despite their complaints, customers keep flocking to Chipotle

The Bottom Line: The chain continued to be a juggernaut last quarter, with strong sales and traffic growth, despite frequent social media complaints about shrinkflation or other challenges.

Operations

Hitting resistance elsewhere, ghost kitchens and virtual concepts find a happy home in family dining

Reality Check: Old-guard chains are finding the alternative operations to be persistently effective side hustles.

Financing

The Tijuana Flats bankruptcy highlights the dangers of menu miscues

The Bottom Line: The fast-casual chain’s problems following new menu debuts in 2021 and 2022 show that adding new items isn’t always the right idea.

Trending

More from our partners