Scott Boatwright Named Permanent CEO of Chipotle

Boatwright's appointment follows a successful interim period and coincides with leadership changes and strategic focus on growth.

Scott Boatwright, previously interim CEO, has been appointed as the permanent CEO of Chipotle, succeeding Brian Niccol.
Boatwright's compensation package is valued at $11 million, significantly lower than Niccol's $22.5 million in 2023.
Under Boatwright's leadership, Chipotle aims to enhance technology integration, improve operations, and expand restaurant openings.
Chipotle's stock has risen by over 30% this year, reflecting investor confidence in Boatwright's leadership.
The company has issued $34.5 million in retention grants to key executives to ensure stability during this leadership transition.