1. Breaking News: Chipotle's Founder Plans to Step Down as the Struggling Chain Begins the Hunt for a New CEO

    Breaking News:  Chipotle's Founder Plans to Step Down as the Struggling Chain Begins the Hunt for a New CEO

    Chipotle announced on Wednesday morning that its chief executive officer and founder plans to step down as it begins its hunt for a new CEO.

    Steve Ells, the fast-casual burrito chain's chairman, founder and CEO will step down from his position "following the completion of a search to identify a new CEO" the company said in a statement. Ells will remain involved as executive chairman...

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    1. I am incredibly proud of Chipotle and our people – and grateful to our loyal customers – and while we are continuing to make progress, it is clear that we need to move faster to make improvements.
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