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Fortune
Fortune
Preston Fore

The CEOs of Starbucks and Chipotle hit the gym together each morning—they bounce ideas off each other at 5 a.m. between sets

Brian Niccol Scott Boatwright Chipotle Starbucks Brian Chesky Charlie Munger Fortune Bob Iger Warren Buffett Airbnb
(Credit: KRISTY WALKE—FORTUNE)
  • Despite competing for consumers’ eating-out budgets, Starbucks CEO Brian Niccol and Chipotle CEO Scott Boatwright spend most mornings together in the gym. In between sets, they discuss the latest trends, like AI and the protein craze, while also kindling a friendship—something some business leaders say can be a struggle.

At 5 a.m., before most of their customers have even ordered their first latte or burrito bowl, Starbucks CEO Brian Niccol and Chipotle CEO Scott Boatwright are already side by side—spotting each other on the weight rack.

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