Chipotle stock falls as CEO Brian Niccol leaves for Starbucks
StarbucksStarbucks(US:SBUX) CNBC·2024-08-13 12:41

Chipotle stock fell as much as 10% in premarket trading Tuesday as the company announced CEO Brian Niccol would be leaving his role on Aug. 31 to become CEO of Starbucks.Niccol began as Chipotle CEO in March 2018. Chipotle stock has risen more than 700% since since he took over.Chipotle's board named Chief Operating Officer Scott Boatwright as interim CEO. He's been at the company since 2017. The board also announced that Chief Financial Officer Jack Hartung, who had announced his intention to retire, would ...