Founder Steve Ells, who currently serves as chairman and CEO, will transition to executive chairman once someone new is in place at the top post.
The lawsuit says executives sold tens of millions of dollars in shares in the months leading up to outbreaks of foodborne illness.
- Chipotle is trying to bounce back after an E. Coli outbreak and norovirus cases that have sent sales plunging.Read more
- The meeting comes after Chipotle Mexican Grill Inc. saw its sales slammed by food scares, including an E. coli outbreak and norovirus cases.Read more
- The agency said Monday the most recent illness reported to the agency started on Dec. 1. The source is still unknown, however.Read more
The co-CEO of Denver-based Chipotle made a mea-culpa on national TV last month, saying he was "sorry for the people who got sick" in a multi-state E-coli outbreak. We'll explore what else can the company do to lure back customers. Plus, it turns out good-looking women get better grades than not-so-good-looking ones -- but the same doesn't go for men. And, on Martin Luther King Jr.'s birthday, we learn that he first heard one of his favorite gospel songs in Denver.
The Mexican food maker's stock has dropped a third amid a food-safety crises. A crisis communications manager explains what the company can do to recover.
- The lawsuit claims the company misled shareholders about measures it was taking to make its food safe.Read more