CHIPOTLE VETERAN ADAM RYMER NAMED
SUCCESSOR
NEWPORT
BEACH, Calif., July 9, 2024
/PRNewswire/ -- Chipotle Mexican Grill (NYSE: CMG) today
announced that after nearly 25 years with the company, Jack Hartung has decided to retire, effective
March 31, 2025. Hartung has served as
Chief Financial Officer since 2002.
The company also reported that Adam
Rymer, a 15-year Chipotle veteran will assume the role of
Chief Financial Officer, beginning January
1, 2025. Rymer joined Chipotle in 2009 and currently serves
as Vice President of Finance, overseeing its Corporate Finance,
Field Finance and Investor Relations functions. During his entire
tenure at Chipotle, he has reported directly or indirectly to and
been mentored by Hartung, as well as held a variety of finance
positions of increasing responsibility. Rymer will serve on
Chipotle's executive leadership team and report to Brian Niccol, Chairman and Chief Executive
Officer. Hartung will continue in his current position through the
end of the year and will remain with the company until March 31, 2025 to help ensure a smooth
transition.
"I want to thank Jack for his friendship, leadership, and many
contributions to Chipotle," said Brian
Niccol, Chairman and CEO. "Jack is one of the best CFOs in
the business, and he has played an instrumental role in helping
Chipotle deliver unprecedented growth while building our culture
and multiple, strong teams with deep expertise. I'm also pleased to
have Adam Rymer succeed Jack as CFO
which is a testament to our strong talent bench and thoughtful
succession planning. I am confident he is the right leader to take
on this important role and continue to deliver on our purpose,
culture and financial success."
Hartung stated, "It has truly been an honor and a privilege to
serve as Chipotle's CFO and deliver on our purpose of Cultivating a
Better World. I have been fortunate to work for such a great brand
with amazing people, and I am proud of the significant impact we
have made on elevating food culture, as well as successfully
driving our compelling growth strategy and unlocking considerable
shareholder value over the years. I started working with Chipotle
when there were less than 200 restaurants, and with over 3,500
today, I'm confident Chipotle has a long runway of profitable
growth ahead led by the best team in the industry."
"I've had the privilege of working with Adam Rymer for the last 15 years and I am
confident that his deep understanding of Chipotle and the
restaurant industry, coupled with his strong financial and senior
leadership experience, will help to ensure Chipotle's future
success," Hartung added.
In addition, Jamie McConnell will
assume the role of Chief Accounting and Administrative Officer on
January 1, 2025, reporting to Rymer.
Since joining Chipotle in 2018, McConnell has reported directly to
and been mentored by Hartung. She currently serves as Vice
President, Controller, with responsibility for the Corporate
Accounting, Financial Reporting, Tax, Internal Audit, Accounting
Shared Services, Licensing and Payroll functions. McConnell's
breadth of finance experience and Chipotle tenure will further
support a smooth transition.
"Jamie has provided great leadership, built strong teams, and
has taken on increasingly challenging responsibilities since she
joined Chipotle. I have complete confidence that Adam and Jamie,
along with a deep bench of financial and accounting talent, will
help take Chipotle to the next level in the coming years," added
Hartung.
About Chipotle
Chipotle Mexican Grill, Inc. (NYSE:
CMG) is cultivating a better world by serving responsibly sourced,
classically-cooked, real food with wholesome ingredients without
artificial colors, flavors or preservatives. There are nearly 3,500
Chipotle restaurants in the United
States, Canada, the
United Kingdom, France, Germany, and Kuwait and it is the only restaurant company
of its size that owns and operates all its restaurants in
North America and Europe. Chipotle is ranked on the Fortune 500
and is recognized on Fortune's Most Admired Companies 2024 list and
Time Magazine's Most Influential Companies. With over 120,000
employees passionate about providing a great guest experience,
Chipotle is a longtime leader and innovator in the food industry.
Chipotle is committed to making its food more accessible to
everyone while continuing to be a brand with a demonstrated purpose
as it leads the way in digital, technology and sustainable business
practices. For more information or to place an order online,
visit WWW.CHIPOTLE.COM.
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SOURCE Chipotle Mexican Grill