CHIPOTLE ANNOUNCES LEADERSHIP TRANSITIONS

Leadership Changes - Ilene Eskenazi has been appointed as Chief Legal and Human Resources Officer, succeeding Roger Theodoredis [1] - Stephanie Perdue has been appointed as Interim Chief Marketing Officer, succeeding Chris Brandt [1][2] - Both Theodoredis and Brandt will remain in advisory roles for a limited period to assist with the transition [1] Executive Background - Ilene Eskenazi has extensive experience in legal and compliance matters, talent management, and compensation [3] - Prior to joining Chipotle in 2023, she held roles at Petco, Boardriders, and Red Bull North America, and served as a corporate attorney at Skadden, Arps, Slate, Meagher & Flom LLP [3] Company Strategy and Guidance - CEO Scott Boatwright emphasized the importance of Eskenazi's perspective and the company's focus on hiring top talent and investing in people [4] - The company has reaffirmed its full-year 2025 financial guidance issued in October and remains confident in its 2026 strategic plan [6] - A comprehensive search for a new Chief Marketing Officer is underway with the assistance of an executive search firm [2] Company Overview - Chipotle operates over 3,900 restaurants across multiple countries, including the U.S., Canada, and Europe, and employs over 130,000 individuals [6] - The company is committed to serving responsibly sourced food and is recognized as a leader in the food industry [6]