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CHIPOTLE ACCELERATES THE APPOINTMENT OF ADAM RYMER TO CFO AND JAMIE MCCONNELL TO CHIEF ACCOUNTING AND ADMINISTRATIVE OFFICER

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Chipotle Mexican Grill (NYSE: CMG) has announced accelerated executive appointments effective October 1, 2024. Adam Rymer, a 15-year company veteran, will become Chief Financial Officer, reporting to Interim CEO Scott Boatwright. Jamie McConnell, with the company since 2018, will assume the role of Chief Accounting and Administrative Officer, reporting to Rymer. Former CFO Jack Hartung will transition to President and Chief Strategy Officer, supporting the Interim CEO indefinitely.

These changes aim to ensure continuity during a transitional period. Chipotle's Board has implemented retention plans for the entire executive leadership team. Excluding one officer hired in 2023 and Hartung's 25-year tenure, the executive team's average tenure is approximately seven years.

Chipotle Mexican Grill (NYSE: CMG) ha annunciato nomine esecutive accelerate che entreranno in vigore il 1 ottobre 2024. Adam Rymer, un veterano dell'azienda con 15 anni di esperienza, sarà il nuovo Chief Financial Officer, riferendo al CEO ad interim Scott Boatwright. Jamie McConnell, con la compagnia dal 2018, assumerà il ruolo di Chief Accounting and Administrative Officer, riportando a Rymer. L'ex CFO Jack Hartung passerà a ricoprire le cariche di Presidente e Chief Strategy Officer, supportando il CEO ad interim a tempo indeterminato.

Questi cambiamenti mirano a garantire continuità durante un periodo di transizione. Il Consiglio di Amministrazione di Chipotle ha implementato piani di retention per l'intero team esecutivo. Escludendo un dirigente assunto nel 2023 e il mandato di 25 anni di Hartung, la durata media del team esecutivo è di circa sette anni.

Chipotle Mexican Grill (NYSE: CMG) ha anunciado nombramientos ejecutivos acelerados que entrarán en vigencia el 1 de octubre de 2024. Adam Rymer, un veterano de 15 años en la empresa, se convertirá en el Director Financiero, reportando al CEO interino Scott Boatwright. Jamie McConnell, que está en la empresa desde 2018, asumirá el cargo de Directora de Contabilidad y Administrativa, reportando a Rymer. El ex CFO Jack Hartung pasará a ser Presidente y Director de Estrategia, apoyando al CEO interino indefinidamente.

Estos cambios tienen como objetivo asegurar la continuidad durante un período de transición. La Junta Directiva de Chipotle ha implementado planes de retención para todo el equipo de liderazgo ejecutivo. Excluyendo a un oficial contratado en 2023 y los 25 años de mandato de Hartung, la duración promedio del equipo ejecutivo es de aproximadamente siete años.

치폴레 멕시칸 그릴(뉴욕 증권 거래소: CMG)이 2024년 10월 1일부터 시행되는 가속화된 경영진 임명을 발표했습니다. 아담 라이머는 15년 경력의 회사 베테랑으로, 재무 최고 책임자(CFO)가 되어 임시 CEO인 스콧 보트라이트에게 보고할 예정입니다. 제이미 맥코넬은 2018년부터 회사에 재직 중이며, 회계 및 관리 최고 책임자(CAO)의 역할을 맡고 라이머에게 보고합니다. 전 CFO인 잭 하턴그는 사장 겸 전략 최고 책임자로 전환되어 임시 CEO를 무기한 지원합니다.

이러한 변화는 전환 기간 동안 지속성을 보장하기 위한 것입니다. 치폴레의 이사회는 전체 경영진 팀을 위한 유지 계획을 시행했습니다. 2023년에 채용된 한 임원과 하턴그의 25년 경력을 제외하면, 경영진 팀의 평균 재직 기간은 약 7년입니다.

Chipotle Mexican Grill (NYSE: CMG) a annoncé des nominations exécutives accélérées qui entreront en vigueur le 1er octobre 2024. Adam Rymer, un vétéran de 15 ans de l'entreprise, deviendra le directeur financier (CFO), reportant au PDG intérimaire Scott Boatwright. Jamie McConnell, dans l'entreprise depuis 2018, assumera le rôle de directeur comptable et administratif, reportant à Rymer. L'ancien CFO Jack Hartung deviendra président et directeur de la stratégie, soutenant le PDG intérimaire pour une durée indéterminée.

Ces changements visent à garantir la continuité pendant une période de transition. Le conseil d'administration de Chipotle a mis en place des plans de rétention pour l'ensemble de l'équipe de direction. À l'exception d'un responsable recruté en 2023 et des 25 ans de mandat de Hartung, la durée moyenne de l'équipe de direction est d'environ sept ans.

Chipotle Mexican Grill (NYSE: CMG) hat beschleunigte Führungswechsel angekündigt, die am 1. Oktober 2024 in Kraft treten. Adam Rymer, ein 15-jähriger Veteran des Unternehmens, wird Chief Financial Officer und an den Interim-CEO Scott Boatwright berichten. Jamie McConnell, seit 2018 im Unternehmen, wird die Rolle des Chief Accounting and Administrative Officer übernehmen und an Rymer berichten. Der ehemalige CFO Jack Hartung wird zum Präsidenten und Chief Strategy Officer wechseln und den Interim-CEO auf unbestimmte Zeit unterstützen.

Diese Änderungen zielen darauf ab, während einer Übergangszeit Kontinuität zu gewährleisten. Der Vorstand von Chipotle hat Rückhaltpläne für das gesamte Führungsteam implementiert. Ausgenommen einen 2023 eingestellten Offizier und Hartungs 25-jährige Amtszeit beträgt die durchschnittliche Amtszeit des Führungsteams etwa sieben Jahre.

Positive
  • Promotion of long-term employees to key leadership positions, potentially ensuring continuity and deep company knowledge
  • Implementation of retention plans for the executive leadership team, aiming to maintain stability
  • Former CFO Jack Hartung remaining with the company in a strategic role, potentially providing valuable guidance
Negative
  • Transitional period in leadership, which could lead to temporary uncertainty
  • Accelerated appointments might indicate unexpected changes or challenges within the company
  • Former CFO Jack Hartung to remain with the organization indefinitely as President and Chief Strategy Officer, beginning October 1, 2024
  • 15-year Chipotle veteran, Rymer, and 6-year veteran, McConnell, will assume their new roles, beginning October 1, 2024

NEWPORT BEACH, Calif., Aug. 28, 2024 /PRNewswire/ -- Chipotle Mexican Grill (NYSE: CMG) today announced that it has accelerated the appointment of Adam Rymer to Chief Financial Officer, beginning October 1, 2024. Rymer will serve on Chipotle's executive leadership team and report to Scott Boatwright, Interim Chief Executive Officer. Former Chief Financial and Administrative Officer, Jack Hartung, will serve in his new role indefinitely as President and Chief Strategy Officer beginning October 1, 2024, supporting the company's Interim CEO.

A 15-year Chipotle veteran, Rymer previously served as Vice President of Finance, overseeing Corporate Finance, Field Finance and Investor Relations functions. Jamie McConnell, who has been with the organization since 2018, will assume the role of Chief Accounting and Administrative Officer, reporting to Rymer and transitioning roles on the same date. McConnell previously served as Vice President, Controller, with responsibility for the Corporate Accounting, Financial Reporting, Tax, Internal Audit, Accounting Shared Services, Licensing and Payroll functions.

Rymer stated, "There's tremendous growth opportunity ahead for Chipotle, and I look forward to delivering on our strategic priorities and driving value for our guests, our employees and our shareholders. For well over a decade, I've had the privilege of supporting one of the leading and longest tenured CFOs in the business, and I am grateful for the deep institutional knowledge that was bestowed upon me, Jamie, and the entire finance organization, as we continue executing on our mission to Cultivate a Better World."

In addition to accelerating these executive appointments, Chipotle's Board of Directors has put retention plans in place for its entire executive leadership team to ensure continuity through this transitional time. With the exception of one officer hired in 2023 and Jack Hartung's two and half decades with the company, Chipotle's bench of esteemed Executive Officers have an average tenure of approximately seven years with the organization.

ABOUT CHIPOTLE
Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. There are over 3,500 restaurants as of June 30, 2024, in the United States, Canada, the United Kingdom, France, Germany, and Kuwait and it is the only restaurant company of its size that owns and operates all its restaurants in North America and Europe. Chipotle is ranked on the Fortune 500 and is recognized on Fortune's Most Admired Companies 2024 list and Time Magazine's Most Influential Companies. With over 120,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. For more information or to place an order online, visit WWW.CHIPOTLE.COM.

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SOURCE Chipotle Mexican Grill

FAQ

When will Adam Rymer become CFO of Chipotle (CMG)?

Adam Rymer will become Chief Financial Officer of Chipotle (CMG) on October 1, 2024.

What is Jack Hartung's new role at Chipotle (CMG)?

Jack Hartung will transition to the role of President and Chief Strategy Officer at Chipotle (CMG), effective October 1, 2024.

Who will be Chipotle's (CMG) new Chief Accounting and Administrative Officer?

Jamie McConnell will assume the role of Chief Accounting and Administrative Officer at Chipotle (CMG) on October 1, 2024.

What is the average tenure of Chipotle's (CMG) executive leadership team?

Excluding one officer hired in 2023 and Jack Hartung's 25-year tenure, Chipotle's (CMG) executive leadership team has an average tenure of approximately seven years.

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