Chipotle Adds Four Board Members in Ackman-Endorsed Shake-Up
- New directors include former finance chief of McDonald’s
- Burrito chain’s board has drawn criticism for being insular
A worker prepares a chicken burrito at the Chipotle Mexican Grill.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Chipotle Mexican Grill Inc., facing criticism that it was slow to respond to an E. coli outbreak last year, named four new directors to its board in a long-anticipated shake-up supported by activist investor Bill Ackman.
The new members -- Paul Cappuccio, Robin Hickenlooper, Ali Namvar and Matthew Paull -- joined the board on Wednesday. The move brings the current number of directors to 12, the burrito chain said in a statement on Friday.