The CEO of Chipotle has watched Chipotle’s lifetime from the day it was launched to its rise with fascination. Chipotle Mexican Grill, Inc. is often known as Chipotle and is an American chain of fast-casual restaurants. They majorly specialize in bowls, tacos, and Mission burritos made to order in front of the customer. In today’s post, I will discuss everything about the new CEO of the Chipotle company.
Who Is The CEO Of Chipotle?
The CEO of Chipotle is Brian Niccol who is also the chairman of the Board of Directors of Chipotle. Brian assumed the role of Chairman in 2020 and held the role of CEO since 2018. Under his leadership, Chipotle has seen accelerated comparable sales growth.
You can keep on reading to find out when did Brian Niccol become CEO of Chipotle.
About The CEO Of Chipotle
The current CEO of Chipotle majorly focused on increasing visibility, expanding access, and fostering innovation. He was driving the brand’s purpose to Cultivate a Better World. Being a leader in the food industry, Chipotle has received global recognition and honors. He was also been placed on notable lists including Fortune’s Businessperson of the Year.
You must be wondering how much does the CEO of Chipotle make. The CEO of Chipotle’s salary is around $1.24 million per year (this is just his base salary). Brian earned $38 million in additional income for being the CEO of the company in 2020. In fact, he even made 2,898 times more money than the median Chipotle employee.
Steve Ells was the former CEO of Chipotle who founded Chipotle Mexican Grill in 1992. Do you know how much is the CEO of Chipotle’s net worth? Steve Ells had a net worth of $289 million dollars as of 2023 and even owns about 208,339 shares of Chipotle. In 2017, Chipotle announced Ells’ resignation as CEO and appointed a new CEO with turnaround expertise. It was decided that Ells will serve as executive chairman following the appointment of a new CEO. Ells also serve on the CEO search committee.
In 2020, Steve resigned as chairman and left the board of directors breaking all ties with the company. Steve often received criticism over his salary as he was paid $25.1 million. This was more than equivalent to executives in complies like Ford, Boeing, and AT&T. Steve and his co-CEO Montgomery Morna together were paid more than $300 million in the early 2010s. Later, in 2014, shareholders rejected a plan to further increase the executive’s wages.
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FAQ
How Much Does A Chipotle Owner Make A Year?
A single Chipotle makes an average of $2.2 million in revenue per year. The average store’s profit margin is about 22%. Of course, there are no guarantees, but this would put a hypothetical franchise owner’s profits at about $480,000 per year.
Is Chipotle Bigger Than Mcdonalds?
MCD is a much larger chain with 40,000 restaurants worldwide. CMG, on the other hand, has almost 3,000 around the US. Chipotle was founded in 1993 by Steve Ells in Denver while McDonald’s was founded by Ray Krock in 1961 when he bought out the original McDonald’s brothers.
Can You Make 6 Figures At Chipotle?
Chipotle is increasing the pay of its restaurant workers to an average of $15 per hour, the chain announced Monday. Some employees will become eligible to make a six-figure salary after just a few years on the job.
What Is Chipotle Most Famous For?
Chipotle is a fast-casual chain that’s known for its build-your-own burritos, rice bowls, and other Mexican dishes.
and other Mexican dishes.
Did The CEO Of Taco Bell Leave For Chipotle?
Brian Niccol, who leaves behind Taco Bell on his way to the top spot at Chipotle, knows a thing or two about taking a chance to score high with consumers. The 43-year-old came to the restaurant industry with an engineering degree, an MBA in business and a 10-year stint at consumer products giant Procter & Gamble .
Conclusion
Steve Ells was the founder, former Executive Chairman, and the old CEO of Chipotle. Brian Niccol became the CEO of Chipotle in 2018 after Ells broke ties with the company.
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