Ells, who started the company in 1993, will hand over the reins once a new CEO is found, the Denver-based company said on Wednesday. Chipotle also suffered a data breach earlier this year, an incident that hurt its earnings and contributed to another stock slump. This year’s hurricanes hammered Chipotle as well; it had 425 restaurants in the direct path of the storms. “Now is the right time to identify a new CEO who can reinvigorate the brand and help the company achieve its potential,” Flanzraich said. “We are committed to recruiting a world-class CEO for this incredible opportunity.”With files from USA Today

Source: thestar November 29, 2017 18:33 UTC