NEWPORT BEACH, Calif.,
July 21, 2020 /PRNewswire/
-- Chipotle Mexican Grill (CMG) today announced two new
additions to its board of directors, Mary
Winston and Gregg Engles. The
changes to the board composition come after Chipotle appointed
Brian Niccol, the company's Chief
Executive Officer, to the position of Chairman of the Board of
Directors in early March, as well as the departure of three
directors.
"We've conducted a thorough search for several months, meeting
with a diverse group of candidates, in an effort to have varying
perspectives represented that will help accelerate the business as
well as contribute to our mission of cultivating a better world,"
said Brian Niccol, Chairman and
Chief Executive Officer of Chipotle. "Mary's and Gregg's vast
experience and contributions across industries will help Chipotle
achieve its strategic objectives and position us well for future
success."
With the Board composition changes announced today, the Chipotle
Board will now be comprised of nine directors, eight of whom are
independent. The Board is committed to ongoing director refreshment
and continues to consider new, qualified independent directors.
"I am grateful for the opportunity to serve on the board of such
an innovative organization that is committed to being a leader in
the restaurant industry and look forward to bringing valuable
insights from my previous experience," said Mary Winston.
Gregg Engles commented: "Joining
an organization with strong values and a world-class leadership
team that is only scratching the surface of its full potential is a
rare opportunity, and I am honored to help Chipotle continue its
accelerated growth trajectory and look forward to contributing to
its future success."
ABOUT THE NEW DIRECTORS
Mary
Winston is the Founder and President of WinsCo Enterprises,
Inc., a consulting firm providing financial and board governance
advisory services since 2016. She served as interim Chief Executive
Officer of Bed Bath & Beyond in 2019, and as Executive Vice
President and Chief Financial Officer of Family Dollar Stores, from
2012 until it was acquired by Dollar Tree in 2015. Prior to
that, Mary was Senior Vice President and Chief Financial Officer of
Giant Eagle, a supermarket chain from 2008 to 2012, and as
Executive Vice President and Chief Financial Officer of Scholastic
Corporation from 2004 to 2007. Mary currently serves on the Boards
of Directors of Acuity Brands, Inc., Domtar Corporation, Dover
Corporation, and Bed Bath & Beyond.
Gregg Engles is the founder and
managing partner of Capitol Peak Partners, a capital investment
company since April 2017. Gregg
previously served as the Chairman of the Board of Directors and
Chief Executive Officer of The WhiteWave Foods Company from
October 2012 until April 2017, when it was acquired by Danone S.A.
Prior to that, he was the Chief Executive Officer of Dean Foods
Company, a food and beverage company and former parent company of
WhiteWave, from April 1996 until
WhiteWave's initial public offering in October 2012. Gregg serves on the Boards of
Directors of Danone S.A. and GCI Liberty.
ABOUT CHIPOTLE
Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better
world by serving responsibly sourced, classically-cooked, real food
with wholesome ingredients without artificial colors, flavors or
preservatives. Chipotle had over 2,600 restaurants as of March
31, 2020, in the United States, Canada, the United
Kingdom, France and Germany and is the only
restaurant company of its size that owns and operates all its
restaurants. With more than 85,000 employees passionate about
providing a great guest experience, Chipotle is a longtime leader
and innovator in the food industry. Chipotle is committed to making
its food more accessible to everyone while continuing to be a brand
with a demonstrated purpose as it leads the way in digital,
technology and sustainable business practices. Steve Ells,
founder and former executive chairman, first opened Chipotle with a
single restaurant in Denver, Colorado in 1993. For more
information or to place an order online,
visit WWW.CHIPOTLE.COM
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SOURCE Chipotle Mexican Grill