Why Did Steve Ells Leave Chipotle?
He Stepped Down from the Top Role After Succumbing to Investor Pressure on Failing to Turn Around the Burrito Chain from a String of Food Safety Lapses. the...
He stepped down from the top role after succumbing to investor pressure on failing to turn around the burrito chain from a string of food safety lapses. The company's stock, which took a big hit when two major illness outbreaks were reported, has recovered to touch a new high under CEO Niccol.
Why did Steve Ells step down?
Ells served as chief executive of Chipotle until November 2017. ... He stepped down as CEO as the company struggled to rebound from its food safety woes, which plagued Chipotle for two years. Niccol became Chipotle's CEO in early March.
When did Steve Ells leave Chipotle?
The chain is best known for its "build your own" tacos and burritos menu. The company went public in 2006. Ells, who is a classically trained chef, bounced between CEO and co-CEO roles at Chipotle until 2017, when he relinquished his position to focus on innovation.
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