Newport Beach, Calif., USA – November 2024 – Chipotle Mexican Grill (NYSE: CMG) has announced the appointment of Scott Boatwright as the Chief Executive Officer (CEO) and a member of the board of directors, effective immediately. Boatwright, who was previously appointed as Interim CEO in August, has held the role of Chief Operating Officer (COO) at Chipotle since 2017. Throughout his tenure, he has led strategic initiatives that significantly improved the company’s guest experience, operational efficiency, and employee retention.
In his new role as CEO, Boatwright will be responsible for overseeing Chipotle’s expansive network of more than 3,600 restaurants and managing a workforce exceeding 125,000 employees. His leadership has been instrumental in integrating new technologies into Chipotle’s restaurant operations, enhancing customer service, and establishing a robust culture aligned with the company’s core values. These efforts have culminated in industry-leading retention rates and marked improvements in throughput, reinforcing Chipotle’s commitment to operational excellence.
Scott Maw, Chairman of the Board, said, “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.”
Expressing his excitement and dedication, Boatwright stated, “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. 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.”
Boatwright’s professional background includes nearly two decades with Arby’s Restaurant Group, where he served in various leadership capacities, eventually becoming Senior Vice President of Operations. At Arby’s, he was responsible for overseeing the operational performance of over 1,700 locations. Boatwright also holds a Master of Business Administration from the J. Mack Robinson College of Business at Georgia State University and currently serves on the board of directors of Academy Sports and Outdoors, Inc., as well as the National Restaurant Association’s Fast Casual Industry Council.
About Chipotle
Chipotle Mexican Grill, Inc. (NYSE: CMG) is dedicated to cultivating a better world by serving responsibly sourced, real food prepared using classic cooking methods and without artificial additives. As of September 30, 2024, Chipotle operates over 3,600 restaurants in the United States, Canada, the United Kingdom, France, Germany, and Kuwait. It remains the only major restaurant company in North America and Europe that owns and operates all its locations. Recognized for its leadership in the food industry, Chipotle is ranked on the Fortune 500, and it features on Fortune’s Most Admired Companies list for 2024 as well as Time Magazine’s Most Influential Companies. With a workforce passionate about delivering an exceptional guest experience, Chipotle is committed to making high-quality food accessible to all and leading in digital, technology, and sustainable business practices.
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