Chipotle announced on Friday that the company founder, Steve Ells, has stepped down from the Board of Directors and handed the role of Executive Chairman to current CEO, Brian Niccol.
In 1993, Ells was either the CEO or co-CEO of Chipotle. He resigned as CEO in 2017 after multiple food-born illnesses were found to have originated from Chipotle. Brian Niccol has served as CEO since.
Niccol was the CEO of Taco Bell. Since he has taken over the company, Niccol has seen a strong re-growth in their stocks.