Reported 2 months ago
Chipotle's stock plummeted by 8% in premarket trading after CEO Brian Niccol announced his move to Starbucks. Niccol, who has led Chipotle since 2018, was pivotal in doubling the company's revenue from $4.5 billion to $9.9 billion during his tenure. The company's COO will serve as interim CEO, while CFO Jack Hartung has committed to stay with Chipotle indefinitely.
Source: YAHOO