Chipotle Mexican Grill's future may not be as bumpy as some shareholders fear upon the departure of CEO Brian Niccol, investors said on Wednesday. The...
- Chipotle Mexican Grill 's future may not be as bumpy as some shareholders fear upon the departure of CEO Brian Niccol , investors said on Wednesday.
"I have confidence they will continue to double down on the smart initiatives that are already well-entrenched inside the company," said Eric Clark, portfolio manager at Accuvest Global Advisors, which owns roughly $3.5 million in Chipotle shares. Boatwright joined Chipotle in 2017, just a year before the arrival of Niccol. Over the past five years its shares have risen 243%. During this time, average per-unit volumes grew steadily as the company reinvested in marketing to promote using fresh ingredients and regain consumer trust after E. coli outbreaks in 2015.It also partnered with DoorDash delivery service so that customers could get their burritos and rice bowls faster and more conveniently.
The burrito chain has yet to name an official successor to Niccol as CEO, though some Chipotle investors said Boatwright could be a reasonable candidate for the top job. Global Battery Energy Storage System Market Forecast to 2029: Increasing Opportunities in Rural Electrification Projects Worldwide and Rising Demand for Power Supply from Data Centers
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