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Chipotle's Founder, CEO Steps Down

  • Reuters, Thursday, November 30, 2017 8 AM

Chipotle Mexican Grill is searching for a turnaround expert to replace founder and CEO Steve Ells, who said he would step aside after failing for two years to rescue the burrito chain’s sales and reputation from a string of food safety lapses. Chipotle has hired an executive recruitment firm to find a “new leader with demonstrated turnaround expertise” to replace Ells, who will stay on as executive chairman.

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