who ownes chipotle

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Mar 06, 2022 · Who currently owns Chipotle? Steve Ells founded Chipotle Mexican Grill in 1993, an American chain of fast-casual restaurants that serve Mexican-inspired foods such as tacos and burritos. Their growth from then to now is quite …

What company owns Chipotle?

Founded by Steve Ells on July 13, 1993, Chipotle had 16 restaurants (all in Colorado) when McDonald’s Corporation became a major investor in 1998. By the time McDonald’s fully divested itself from Chipotle in 2006, the chain had grown to over 500 locations.

Chipotle Mexican Grill.
Type Public
Number of employees 97,660 (December 2021)

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Is Chipotle still owned by McDonald’s?

While the Golden Arches initially took only a minority stake, by the time Chipotle went public in 2006, McDonald’s owned more than 90% of the company. McDonald’s no longer owns any shares of Chipotle (something it must also now regret), but the impact on Ells’ ownership stake was permanent.Jul 22, 2014

Is Chipotle owned by Taco Bell?

Taco Bell’s boss will become the new CEO of Chipotle Mexican Grill, the fast-casual restaurant chain announced Tuesday. Brian Niccol will replace Chipotle founder and CEO Steve Ells, effective March 5. Ells will serve as executive chairman.Feb 13, 2018

Why did McDonald’s sell its shareholding in Chipotle?

Steve Easterbrook(pictured below), the McDonald’s then-CEO, said that investment in Chipotle and the other businesses were a distraction to McDonald’s. Company executives wanted to put 100 percent of their efforts to grow the McDonald’s brand, thus they sold all of the shares.Aug 2, 2021

Is Chipotle actually Mexican?

In today’s society, chipotles are predominantly sourced from Mexico, where they produce two different varieties of the spice: morita, which is most commonly found in the United States, and the larger meco, which is mainly used domestically.

What does Chipotle stand for?

Chipotle Mexican Grill was founded by Steve Ells in 1993 and is based in Denver, Colorado. The name Chipotle derives from the Nahuatl/Mexican name for a smoked, dried jalapeño chili pepper.Dec 6, 2019

Who is competitor of Chipotle?

Qdoba Mexican Eats, Moe’s Southwest Grill, Baja Fresh Mexican Grill, and Rubio’s Coastal Grill are Chipotle’s main competitors. Although it is fast-food-oriented rather than fast-casual, Taco Bell has also started to compete with Chipotle by improving the quality of its food.

Who owns McDonald’s now?

Kroc’s stake was diluted in the 1970s, and in 1975 he sold his company to the McDonald brothers, who now own just over 90% of the fast-food restaurant chain.Jan 4, 2022

Is Chipotle the new McDonald’s?

Chipotle was founded by Steve Ells in 1993. On the other hand, McDonald’s was founded by Richard and Maurice McDonald in 1940.

Does Steve Ells still own Chipotle?

Ells will serve as executive chairman following the appointment of a new CEO, and will also serve on the CEO search committee. Brian Niccol became CEO of Chipotle Mexican Grill in February 2018.
Steve Ells
Years active 1993–2020
Known for Founding Chipotle Mexican Grill

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Who is the CEO of Chipotle?

Can I open a Chipotle franchise?

Unfortunately, Chipotle is NOT available for franchising. Almost all of their units are company owned and operated, with a few exceptions. This means that the money stays within the company and does not go to outside franchise operators.Apr 4, 2022

Steve Ells

Steve Ells is the founder and former CEO of Chipotle Mexican Grill. After launching the burrito shop in 1993 with money borrowed from friends and family, Ells was appointed as chair in 2005 and has served as a director since 1996.

Montgomery “Monty” Moran

Montgomery Moran served as the Co-Chief Executive Officer of Chipotle Mexican Grill, Inc. from January 1, 2009 to December 2016 and also served as the company’s Secretary until December 2016; he was also the company’s President and COO prior to his promotion to Co-CEO.

Albert Baldocchi

Albert S. Baldocchi, Director at Chipotle, has been a self-employed financial consultant and strategic advisor for a number of privately held firms, particularly multi-unit restaurant companies.

John “Jack” Hartung

John Hartung has been the Chief Financial Officer (CFO) at Chipotle since 2002 and Principal Accounting Officer since 2010. 15  He has been with the restaurant chain for about a decade and a half, following 18 years at McDonald’s, where he held a myriad of positions, mostly recently as Vice President and CFO of its Partner Brands Group.

Early life

Ells was born in Indianapolis on September 12, 1965, the son of a pharmaceutical executive. He attended Boulder High School and the University of Colorado at Boulder where he received a Bachelor of Arts degree in Art History and became a member of the Delta Chi fraternity.

Career

Ells served for two years as a sous chef under Jeremiah Tower at Stars restaurant in San Francisco prior to launching Chipotle. Ells opened a Chipotle themed taco store in Denver, Colorado near the University of Denver campus using $85,000 borrowed from his family and friends.

Controversies

Ells has received criticism over his salary. In 2013, The New York Times reported he was paid $25.1 million, more than equivalent executives in companies like Ford, Boeing, and AT&T. By the early 2010s, Ells and his co-CEO, Montgomery Moran, were paid more than $300 million.

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