Chipotle Co-CEO Moran Is Leaving, Putting Ells in Sole Charge
- Board sends co-CEO Monty Moran packing in favor of founder
- Company hasn’t rebounded from foodbourne outbreaks last year
Chipotle Co-CEO Moran to Leave, Ells in Sole Charge
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Chipotle Mexican Grill Inc. founder Steve Ells, dispensing with a co-leadership role that had become untenable, will take over as sole chief executive officer and set about fixing the embattled burrito chain.
Co-CEO Monty Moran is stepping down from the job and vacating his board seat immediately, leaving Ells in the top job alone, the Denver-based company said in a statement Monday. Moran, 50, will retire altogether from Chipotle next year.