This post was originally published on this site
Newport Beach-based Chipotle Mexican Grill 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.
These appointments come after Brian Niccol, former Chairman and Chief Executive Officer of Chipotle, accepted the role as Chairman and Chief Executive Officer of Starbucks and left Chipotle effective August 31, 2024. Niccol served as Chipotle’s CEO since 2018 and as Chairman of the Board since 2020.
After Niccol left, Chipotle’s Board of Directors appointed Scott Boatwright, Chief Operating Officer, as Interim CEO. Boatwright joined Chipotle in 2017 and has been instrumental in driving restaurant operations for the company’s more than 120,000 employees and over 3,500 restaurants.
A 15-year Chipotle veteran, Rymer – the new CFO – 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. McConnell previously served as Vice President, Controller.
In a press statement, Rymer said “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.”
According to information from Chipotle, the company’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 Executive Officers have an average tenure of approximately seven years with the organization.
For more information, visit Chipotle.com
