Summary by Futu AI
Chipotle Mexican Grill announced on November 11, 2024, the appointment of Scott Boatwright, 52, as Chief Executive Officer and member of the Board of Directors, effective immediately. Boatwright, who has been serving as Interim CEO since August 2024, joined Chipotle in May 2017 and previously held roles as Chief Operating Officer and Chief Restaurant Officer.With over 125,000 employees and 3,600+ restaurants under his purview, Boatwright has been instrumental in enhancing guest experience, integrating new technology, and achieving industry-leading retention rates. Prior to Chipotle, he spent 18 years with Arby's Restaurant Group, last serving as Senior Vice President of Operations.The Board of Directors conducted a thorough external search process, ultimately confirming Boatwright as the best candidate to lead Chipotle's next growth phase. Boatwright expressed commitment to providing opportunities for employees, generating shareholder value, and furthering the company's mission of "Cultivating a Better World."