Chipotle, the popular fast casual food chain, named a new CEO late yesterday.
Brian Niccol, CEO of Taco Bell, replaces Chipotle founder Steve Ells, who becomes the company’s executive chairman.
Wall Street applauded the news; Chipotle’s slumping stock price shot up by as much as 12% in after-hours trading.
Will Ells give Niccol enough room to revive the burrito purveyor?
If he’s a student of business history, he will —founder-CEOs are rare for good reason.
Because the only thing worse than a stomach bug that won’t quit is an executive that does the same.
READ MORE (Fortune)
- Inflation, Chipotle, Credit Suisse and Sam's Club - 5 Things You Must KnowTheStreet.com
- Chipotle Takes a Page, and a CEO, From Taco BellNew York Times
- Troubled Chipotle brings Taco Bell chief in as its new CEO to rescue it after ...Daily Mail
- Chipotle looks to fast-food chain Taco Bell for next CEOChron.com
- Chipotle turns to Taco Bell's 'Doritos Locos' chief as new CEOReuters
- Chipotle hiring former Taco Bell CEO to replace founder Steve Ells in top spotThe Denver Post
- Op-Ed: This Is What Chipotle's New CEO Must Focus On ImmediatelyTheStreet.com
- Chipotle names Taco Bell executive as CEO6abc.com
- Chipotle Picks Taco Bell CEO Brian Niccol to Be Its New ChiefMorningstar.com
