Wednesday, November 29, 2017

Chipotle seeks turnaround expert to replace Ells as CEO

Image result for chipotleChipotle Mexican Grill Inc co-founder Steve Ells said on Wednesday he would step down as chief executive, succumbing to pressure from investors after failing to turn around the burrito chain from a string of food safety lapses.

The company said it was searching for a “new leader with demonstrated turnaround expertise” to replace Ells, who will stay on as executive chairman. . . . more

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