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Fortune

Sheryl Estrada

Chipotle's CEO just bolted—but the company is in good hands, say analysts

Chipotle Jack Hartung Brian Niccol Scott W Simmons Scott Boatwright CMG Starbucks

(Credit: Courtesy of Chipotle)

Good morning. Just last month, Chipotle Mexican Grill, Inc. announced that its longtime CFO Jack Hartung would retire in March 2025. But the departure of its CEO is changing that plan.

In a Tuesday morning surprise, Starbucks announced that Chipotle CEO Brian Niccol is the coffee giant’s new chief executive, replacing Laxman Narasimhan. Niccol will start his new role on Sept. 9. Starbucks CFO, Rachel Ruggeri, will serve as interim CEO until that time.

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