Search For New CEO Has Chipotle Stock Rising
- 7 years ago
On Wednesday, following Chipotle founder and CEO Steve Ells' announcement
that he would step down so the fast-casual burrito chain could hire a new boss, shares in the company experienced a 7% increase in trading. Investors pleased by the news drove the stock to $305 in trading by Wednesday morning, just before settling near the $294 figure. According to a statement released by Ells, "Bringing in a new CEO is the right thing to do for all our stakeholders.
that he would step down so the fast-casual burrito chain could hire a new boss, shares in the company experienced a 7% increase in trading. Investors pleased by the news drove the stock to $305 in trading by Wednesday morning, just before settling near the $294 figure. According to a statement released by Ells, "Bringing in a new CEO is the right thing to do for all our stakeholders.