Chipotle Announces Changes To Its Board Composition

Chipotle Mexican Grill, Inc. (NYSE: CMG) announced that, on March 3, 2020, its Board of Directors appointed Brian Niccol, the Company's Chief Executive Officer, to the additional position of Chairman of the Board of Directors, effective immediately. As a result, Chipotle's founder, Steve Ells, has relinquished the position of Executive Chairman and has stepped down as a director. Neil Flanzraich will continue to serve as Lead Independent Director.