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Jack Hartung, who’s been a key executive at Newport Beach-based Chipotle Mexican Grill during its rise to national prominence, has been named to the board of directors of Tesla Inc., the world’s biggest maker of electric vehicles.
He’ll start his role on June 1, including on Tesla’s auditing committee. Tesla will have nine members, including Elon Musk, the world’s richest person.
The Tesla filing noted that Hartung’s son-in-law, who was unidentified, works as a salaried technician at Tesla, earning $124,000 a year.
Hartung was chief financial officer from 2002 to 2024 at the Mexican fast food chain and is retiring as its president on June 1. During his tenure, the stock rose 50-fold.
Hartung in 2020 was named Outstanding CFO of a Public Company by the Orange County Business Journal.
Today, the shares were little changed at $52.32 and a $70 billion market cap (NYSE: CMG).
Shares of Tesla today rose 2.1% to $349.98 and a $1.1 trillion market cap (Nasdaq: TSLA).